Milei’s budget for 2027 contemplates the purchase of three conventional submarines and two frigates
The Government of the Argentine president Javier Milei included in the draft 23027 budget a historic initiative to advance in the acquisition of submarines and all purpose firgates for the Navy as part of his policy to reequip and modernize the armed forces.
President Javier Milei's draft 2027 budget includes plans to acquire three conventional submarines and two multi-mission frigates for Argentina's Navy. This historic initiative has garnered support from nationalist groups and defense lobbies, and is highlighted in their social media posts. The budget, totaling US$3.5 billion, has been approved for authorization by the Executive to finance the submarines and frigates.
The proposal is part of an annex to Article 42, which enables public credit operations. The submarines will be based at Mar del Plata and the frigates at Puerto Belgrano, near Bahia Blanca. Both operations are expected to be financed through a loan scheme with a minimum amortization period of at least three years. The summarized budget for 2027 also mentions other defense-related projects, such as four light naval helicopters for the Puerto Belgrano Base and the modernization of infrastructure for the Argentine Air Force's F-16 aircraft.
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