The "lock on the State": fiscal balance by law

A measure split in two. (1) IN FORCE: art. 1 of Law 27.798 (2026 Budget) requires execution to close Fiscal Year 2026 with a BALANCED or SURPLUS financial result — but that clause applies ONLY to 2026, it does not institute a permanent rule. (2) STILL A BILL (not in force): the "fiscal rule" as a permanent institute — automatic spending adjustment if revenue falls or spending rises, extension to the entire National Public Sector and criminal sanctions (1-6 years for spending without accredited resources; 3-10 years for irregular BCRA issuance; nullity of violating acts) — lives in the National Commitment for Fiscal and Monetary Stability bill, which was NOT approved: it failed in the Chamber of Deputies on Dec 17, 2025 (it was not put to a vote). The name "lock on the State" describes that stronger half, still without legislative enactment. verif · Jan 2, 2026 ↗

The in-force component (art. 1 Law 27.798) applies from the publication in the Official Gazette on Jan 2, 2026 and only for fiscal year 2026. The permanent component ("lock on the State") has no validity: it remains a bill. verif · Jan 2, 2026 ↗

In-force component: the National Administration, required to execute 2026 with balance or surplus. Projected component: it would reach the entire National Public Sector, the officials who authorize spending without accredited resources and the BCRA authorities for irregular issuance, in addition to disciplining the Legislative Branch (any law with additional spending would require its financing in the following year's budget). prob · Dec 17, 2025 ↗