Argentina is moving closer to its next presidential elections. Meanwhile, Javier Milei’s government has presented its 2027 budget, forecasting 4% GDP growth, 18% inflation, and a trade surplus of more than US$15 billion.

Background on Argentina

For context, when Milei took office in December 2023, Argentina was closing the year with 211.4% inflation, a 1.6% contraction in GDP, chronic fiscal deficits and depleted reserves.

2023-2027 political program

Milei’s program has centred on fiscal discipline, spending cuts and deficit elimination. The results have been notable as the inflation has fallen sharply from its 2023 peak, Argentina has posted consecutive primary fiscal surpluses for the first time in nearly two decades, and the fiscal imbalance that long weighed on the economy has narrowed substantially.

But all of this has come at a cost, requiring considerable political capital along the way. With presidential elections approaching in October 2027, the question is whether the economic adjustment can now translate into sustained growth, and whether Milei can turn that economic story into Carlos Girdle’s tango, and “Volver”.

LATAM by numbers

• Winners of 3 FIFA World Cups & 16 Copa Americas
• 2.8 million km² of surface: Argentina is the largest Spanish-speaking country in the world by area and the second-largest country in Latin America, behind only Brazil.
• Nearly 200,000 hectares of vineyards.
• Argentina sits at the heart of the so-called “Lithium Triangle” with Chile and Bolivia and is one of the world’s most important holders and producers of lithium.
• Carlos Gardel recorded more than 900 songs during his career and became one of Latin America’s first truly global stars.

The Argentine economy has been stimulated through reduced controls, making the Argentine tax system more streamlined and straightforward.

Under Javier Milei’s government, Argentina continues to attract multinational companies due to its versatility across sectors such as ICT and agriculture. Talk to our local experts to learn how Auxadi can support your international expansion into Argentina.

About Auxadi

With 26 subsidiaries across Europe, the United States, and Latin America, Auxadi is today the leading Spanish accounting firm serving multinational companies and real estate investment funds. Through its technology-driven approach and strong client-focused culture, Auxadi acts as an extension of its clients’ finance departments worldwide, providing accounting, tax, payroll, transfer pricing, and corporate legal services.

Its proprietary MySPV technology platform, more than 300 employees, and over 1,700 clients have positioned Auxadi as a benchmark in the tech-enabled services sector, not only in Spain but internationally.

Autor/a:

Manrique Blen

VP – Head of BD & AM Miami Hub

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