Economics
Argentina Lower House Unexpectedly Rejects 2022 Budget Bill
- Proposal was turned down by 132 lawmakers, 121 were in favor
- Vote marks a setback for President Fernandez, Minister Guzman
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Argentina’s lower house of congress unexpectedly rejected the government’s 2022 budget proposal, a blow to President Alberto Fernandez as he enters the second half of his presidency.
After a marathon session that lasted over 22 hours, 132 lawmakers voted against the bill, 121 were in favor and one abstained. A new proposal would have to be sent to congress, though the government could also extend the current budget with a presidential decree.