Javier Milei He officialized the total veto to three laws sanctioned by Congress on July 10, generating a strong political and social impact. The vetoed norms included an extraordinary increase for retirement and pensions, the reinstatement of the pension moratorium and the National Emergency Declaration in Disability, with concrete measures to expand benefits and assistance to vulnerable sectors.
The three initiatives, which vetoed Javier Mileithey had been driven by opposition blocks and had broad legislative support. Increased retirees: proposed an emergency increase of 7.2% on retirement salaries, in addition to a monthly bonus of $ 110,000, updating for inflation.
If applied, those who receive the minimum retirement would have charged $ 441,600 in July, compared to $ 379,355 they effectively received. Pension moratorium: the pension debt payment plan reinstated for two years, allowing access to retirement without the 30 years of required contributions.
It also more flexible access to the universal pension for the elderly (PUAM). Emergency in Disability: declared the national emergency until 2026, created a new non -contributory pension for disability, expanded the universe of beneficiaries (including more than 1.5 million people with a single disability certificate) and established economic compensations for system providers.
The veto was formalized by Decree 534/2025, published in the Official Gazette. The Government justified its decision based on two main axes: fiscal cost “exorbitant”: According to official estimates, the three laws implied an additional expense of more than 7 billion pesos in 2025 and about 17 billion in 2026, which would represent between 1% and 1.68% of GDP.
The Executive warned that this would put the fiscal balance, considered “unnegotiable” by the administration at risk Milei. Legislative vices: The decree indicates that the laws were approved with “serious regulatory vices”, especially in the Senate, where a simple majority would have been used instead of the two thirds required to enable the treatment of projects.
Questions
In addition, the government of Javier Milei He questioned the lack of genuine financing sources, the absence of actuarial calculations and the negative impact that the measures would have on the incentives for the labor formality and sustainability of the pension system.
Can Congress reverse the veto? Yes, but it won’t be easy. To insist with vetoed laws, Congress needs to gather a special two -thirds majority of the votes in both cameras. Although the initiatives had broad support in the Senate, the ruling party hopes to have the necessary numbers in deputies to sustain the presidential veto.
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