Argentine President Javier Milei won a decisive victory in Sunday’s midterm elections, expanding his control of Congress and gaining fresh momentum to advance his austerity measures and free-market reforms.
Milei’s libertarian party, La Libertad Avanza, captured about 41.5% of the vote in Buenos Aires province, a region long dominated by the Peronist opposition. Nationally, the party increased its seats in the lower house from 37 to 64, giving Milei greater leverage to defend his executive decrees and vetoes that underpin his economic overhaul.
Since taking office, Milei has overseen a sharp drop in inflation—from 12.8% before his inauguration to 2.1% last month—while achieving a fiscal surplus and pushing broad deregulation measures. The United States, under President Trump, has backed his reform efforts with a proposed $40 billion aid package, including a $20 billion currency swap and a $20 billion debt-investment facility, contingent on Milei’s midterm performance.
President Trump congratulated Milei on Truth Social Sunday night, writing, “Congratulations to President Javier Milei on his Landslide Victory in Argentina. He is doing a wonderful job! Our confidence in him was justified by the People of Argentina.”
Milei hailed the outcome as “a turning point for Argentina.”
