13/07/2026 18:19 - Economia
On July 13, 2026, the Government of the Autonomous City of Buenos Aires (CABA) published the regulations for the Family and Personal Debt Reduction Program in the Official Gazette. This measure, passed by the local legislature on June 18, 2026, arrives as a beacon of hope for families who are behind on their bank credit cards or personal loans.
The Head of Government, Jorge Macri, celebrated the initiative, highlighting that it is a relief for the working middle class that strives to get up to date with their payments. The plan will allow refinancing of debts with a maximum nominal annual rate of 35% and a minimum term of 24 months for repayment.
To apply for the benefit, interested parties must meet all of these conditions:
To ensure the help reaches those who need it most, the regulation excludes:
This plan arrives at a crucial moment, as data from consultancy firm 1816 shows that irregularities in family credit portfolios rose to 12.7% in May 2026, reaching historic highs after a period of elevated interest rates.
The financial sector noted that many banks already had individual restructuring strategies. However, the city's plan offers a robust institutional framework. As an incentive, participating entities will enjoy a 50% reduction in the Gross Receipts Tax (a local turnover tax known as Ingresos Brutos) on the perceived interest.
Alfredo S. Quiroga
