BUENOS AIRES (Reuters) – Argentina’s President Javier Milei presented on Monday the government’s proposal for next year’s budget, which he said would guarantee a fiscal balance, a cornerstone of his economic policy, while also hiking funds for healthcare, education and pensions.

“There is no other way but that of fiscal balance,” Milei said in a national address, ahead of a high-stakes legislative election in which Milei’s libertarian party is aiming to secure enough seats to keep Congress from overriding his vetoes.

The key vote comes after a local election in The populous Buenos Aires province dealt a blow to Milei’s party, whose austerity measures have weighed on its popularity.

Milei said the budget proposal would include a “rule of fiscal stability,” which means that if costs excee

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