The Senate of Argentina He reversed two vetoes by Javier Milei and this Thursday left firm laws that extend funds for pediatric universities and hospitals. It is another blow to the president’s austerity policy, amid the financial volatility that Argentina is broken.
The Senate invalidated 59 votes against 7 Milei’s veto to the pediatric emergency and with 58 against 7 to university financing.
The parliamentary setback occurs in a black week for the Argentine government that seeks to calm a exchange rate before the legislative elections of October 26, in which it needs to demonstrate that it will have governance, as a report of a report of AFP.
Public schools and hospitals, the most suffered
The laws that Milei tried to abort predict updating the university budget according to inflation since 2023 and improving teachers’ salaries and auxiliary personnel. They also declare an emergency in pediatrics that implies allocating funds for the Garrahan hospital, the main high complexity pediatric center in the South American country and regional reference.
Regarding this vote, media such as The nation They point out that it is a common fact the defeats of the government in Congress since Milei broke strategic alliances with provincial governors to impose their electoral policy for the elections of the next 26 of the current.
The Government, in a minority in both chambers and with difficulties to weave consensus, seeks to win benches in the legislative elections to promote tax, labor and pension reforms, although without perspective of reaching its own majority.
Milei suffers overwhelming defeat in legislative elections and Peronism is emboldened
Also turbulent the horizon
Milei’s campaign crosses turbulence on several fronts. His sister Karina was mentioned in a corruption case, her main deputy candidate is suspected of ties with drug trafficking, the president himself remains under investigation by an alleged cryptophaf and her party has just been defeated in an important provincial election.
These political setbacks occur in the midst of an accelerated depreciation of the peso, fleeting fleetingly after the announcement of a salvage of US President Donald Trump, with whom Milei will meet on October 14.
The US Treasury Secretary, Scott Besent, announced Thursday that “in the next few days” will meet with his counterpart Luis Caputo to define a swap of about 20 billion dollars, which could be realized before the elections.
In its eagerness to make dollars, the government eliminated at the end of September taxes on exports of meat and grains, the latter restored three days later. The exemption meant for the treasury the loss of 1500 million dollars.
Milei has managed to reduce inflation of 211% in 2023 – when he assumed – to 118% in 2024, and in the first eight months of 2025 prices on penalties rose 20%, thanks to a hard fiscal adjustment whose cuts are especially hitting hospitals and universities.
