Javier Milei Secures Major Victory in Argentina’s Crucial Midterm Elections

President Javier Milei’s libertarian party scored a decisive win in Argentina’s midterm elections on Sunday. His La Libertad Avanza coalition captured over 40% of the national vote. The results grant him significant new power in Congress to advance his radical economic agenda.

This strong performance far exceeded analyst projections and handed a stinging defeat to the left-leaning Peronist opposition. According to Reuters, the outcome is a critical vote of confidence for Milei’s controversial free-market reforms.

Milei’s Party Gains Substantial Ground in Congress

The victory translates into major legislative gains. Milei announced his party will now hold 101 seats in the lower house, up from just 37. In the Senate, La Libertad Avanza picked up 14 new seats.

This expanded presence ensures Milei can uphold presidential vetoes and block impeachment efforts. It also provides the support needed to pass ambitious tax and labor reforms in the coming months. The Peronist opposition, in contrast, saw its poorest performance in years.

Economic Reforms and International Scrutiny

The election was closely watched in Washington and on Wall Street. U.S. President Donald Trump had suggested he might rescind $20 billion in financial assistance if Milei lost. The president’s austerity measures have sharply reduced inflation from its peak of 289%.

However, many Argentines still struggle financially. Price rises continue to outpace salaries, and unemployment has increased. Despite the economic pain, the results suggest a majority of voters are willing to stay the course with Milei’s experiment.

The decisive midterm election results solidify Javier Milei’s political mandate. His radical economic overhaul now has the legislative backing to continue. Argentina’s future is firmly tied to the success of his libertarian vision.

Thought you’d like to know

What does this election mean for Javier Milei’s presidency?

It is a major political victory that strengthens his hand considerably. He now has enough support in Congress to pass key reforms and protect his agenda from opposition challenges.

How did the Peronist opposition perform?

They performed poorly, winning just over 31% of the vote. Analysts describe this as one of the alliance’s worst showings in years, signaling a significant setback.

What are the key economic figures under Milei?

Inflation has fallen dramatically to 32% from a high of 289%. Despite this success, unemployment has risen and many households face financial pressure from subsidy cuts.

Why was the international community watching this vote?

Billions of dollars in U.S. financial assistance were potentially on the line. The Trump administration views Milei as a key ideological ally in the region.

What was the voter turnout for the election?

Turnout was relatively low at under 68%. This is among the lowest rates recorded since Argentina’s return to democracy in 1983.

Trusted Sources

Reuters, Associated Press, Bloomberg