Discretionary transfers from the Argentine National Government to provinces fell 66.4% in real terms year-over-year in August, marking the worst performance since 2005. ^[1] The Argentine government reduced primary spending by 10.3% interannually in real terms during August, marking the largest fiscal adjustment since November 2025. ^[2] As of August, 647.839 billion pesos in ATN funds remain unallocated to provinces, which the government counts as part of its surplus. ^[3] The distribution of Aportes del Tesoro de la Nación (ATN) did not occur in August, contributing significantly to the decline in discretionary transfers. ^[4] The Universalización de la Jornada Extendida program accounted for 45% of total discretionary payments, totaling $30.455 billion and reaching 16 districts. ^[5] Fiscal income barely reached $20 trillion in August, representing a 0.2% interannual decline in real terms. ^[6] The LCG report indicates that accumulated tax revenue for the first eight months of 2026 reached $153 trillion, showing a real interannual drop of 3.7%. ^[7] Transfers to provinces fell 86.1% interannually in real terms within primary spending in August, according to Analytica. ^[8]