The economy did not issue dollar-denominated bonds to avoid validating high interest rates for the third time, and there are doubts about the 2027 financial plan.

The Argentine Ministry of Economy opted not to issue dollar-denominated bonds for the third consecutive time, choosing instead to refinance debt maturities exclusively through instruments in pesos or those adjusted by the exchange rate. This strategic shift follows a rise in the country's risk premium, which reached 628 basis points, and reflects the government's refusal to validate higher interest rates in the current market environment.

The decision has prompted questions regarding the viability of the 2027 financial plan. By avoiding dollar bond issuance, the government is attempting to manage debt obligations without committing to the elevated costs demanded by investors, despite the resulting uncertainty surrounding long-term fiscal strategy.