In this chapter, I focus on the last stage of the financialization process of welfare policy during the presidency of Mauricio Macri. This stage was characterized by the government’s adherence to the international agenda of financial inclusion and its establishment as a cross-cutting principle of public policies. The Cambiemos government set up a complex institutional framework in which welfare agencies played a leading role given their ability to implement policies aimed at the financial inclusion of popular sectors in general and, in particular, social security borrowers and the main CCT holders. Unlike the previous two stages, the new socio-assistance intervention scheme was not used to inject cash and support the access of popular sectors to the consumer credit market. On the contrary, it sought to configure popular sectors as financial subjects, implementing financial education programs and providing credits managed by welfare agencies. In this period, credit crossed the borders of the Ministry of Social Development and its socio-productive policies and began to be part of the intervention strategies of different agencies that developed credit programs aimed at meeting social demands in terms of consumption, work, and housing, which I call social debtfare policies. In this context, there was a transition from the figure of the state-guarantor to the figure of the state-creditor, establishing a debt relationship with the users of welfare policy.