Overview
- On Wednesday the governing bloc moved in the Chamber of Deputies to secure media sanción for two flagship economic bills: a rewrite of the Banco Central’s charter and the Inocencia Fiscal II tax‑regularization law.
- The proposed BCRA charter change would make preserving the value of the currency the bank’s only mandate, forbid direct financing of the Treasury and raise the parliamentary threshold to remove the central‑bank president to two thirds.
- Inocencia Fiscal II would remove income and wealth caps from the simplified repatriation regime while excluding recent public officials from eligibility, a measure designed to bring offshore dollars back into the formal system.
- The opposition failed to force on‑the‑spot debate of more than 30 measures on morosity and household overindebtedness but won 133 votes for a procedural move that lets them press for a special session on the issue.
- Local and regional pressures are escalating: municipal unions in Catamarca rejected municipal offers and set an August 31 deadline for better proposals, Mendoza faced Zonda winds that toppled trees and poles, Vigo offered water aid to Baiona, and Peru’s Chamber of Commerce urged freeing S/66,000 million in CIPRL funds for El Niño prevention.