Argentine lawmakers give final approval to President Mauricio Macri’s budget, tax plan

Mauricio Macri was elected in late 2015 with a mandate to free the markets by ditching the heavy controls put on the economy by the previous government.

By: Reuters | Buenos Aires | Published: December 28, 2017 7:57 am

Argentine lawmakers give final OK to Macri's budget, tax plan

Argentina President Mauricio Marci.

Argentina’s Senate on Wednesday gave final approval to the government’s tax reform and 2018 budget plan, part of President Mauricio Macri’s push to cut business costs and attract investment to Latin America’s No 3 economy.

Macri was elected in late 2015 with a mandate to free the markets by ditching the heavy controls put on the economy by the previous government. The 2018 budget bill foresees economic growth of 3.5 per cent and average inflation of 15.7 per cent.