After being rejected at the beginning of the year, the government circulated a reduced and modified version of its extensive general reform bill to legislators and governors to advance it in the upper house.

The Argentine government circulated to legislators and governors a reduced and modified version of its extensive bill for a general reform called "Bases Law" in search of a "second chance" to promote the project that was rejected in the upper house of Congress at the beginning of this year.

The bill, which ranges from plans to privatize state entities to measures to allow reductions in state subsidies, is a key pillar of the economic plan of the new libertarian president Javier Milei who seeks reform plans to solve a serious economic crisis. with inflation higher than 275% and central bank reserves close to zero.

The economist, who was surprised by winning last year's elections and only has a minority in Congress, has been forced to give in to his positions to potential political allies after the bill was rejected in February.

"Today we find ourselves facing a second opportunity," said the president.

Presidential spokesman Manuel Adorni told reporters Wednesday that a new so-called "omnibus" bill was distributed late Tuesday and the government was confident of gaining support.

"We are facing a crucial moment in our history," he said.

The bill is expected to return to Congress next week for discussion before facing a new round of voting.

Milei's government will have to adopt a more conciliatory approach to carry out its reforms, since the Peronist opposition bloc still maintains the largest number of seats in Congress.

In search of support from Congress, the ruling party created a fiscal section in the original bill - part of Milei's commitment to a "zero" deficit this year - and diluted some reforms.

"We are a government that dialogues, listens and is open to

proposals," said a government official who asked not to be identified, adding that the bill was "99.9% finalized." "We dialogue with those who want to dialogue."