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Senate Committees To Discuss New Pension Formula

ARGENTINA
  • Senate committees will begin discussion of a new pension formula bill that has already been passed in the Lower House from 1800BST(1300ET). The government has already said that it will be forced to cut spending if Congress approves the bill, as it would imply an increase in government expenditure otherwise.
  • No macro data are due today, with attention on tomorrow’s government tax revenue figures for July. Meanwhile, Foreign Minister Mondino is due to attend a meeting at the OAS in Washington to discuss the disputed election results in Venezuela.

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