“The worst is over,” he said. Javier miley this Monday, after the large victory he obtained in the midterm elections. With the support of 40% of the votes harvested on Sunday, the ultra president of argentina postponed the change of ministers that he planned to define this week to relaunch his Government and announced his decision to advance in a renewed Congress with structural reforms of the tax and labor regimes. “It is a historic consecration of our vision,” he celebrated an electoral result that, he admitted, surprised him. He even got excited about a possible re-election in 2027: “I will be two or six years older,” he said.
The far-right government had stumbled into the national legislative elections: politically weakened, besieged by allegations of corruption and with its economic plan in need of a multimillion-dollar bailout from the United States. The resounding vote of confidence that the polls granted him changed the scenario, literally, from one day to the next.
Milei’s victory also ratified his unconditional alliance with Donald Trump, who had made his help contingent on the electoral result. The US president congratulated his counterpart “on his overwhelming victory” and praised him: “He is doing an excellent job! The Argentine peopel justified our trust in him.” Milei thanked him for his support and defined him as “a grate friend of the Argentine Republic.” The support of the Republican – embodied in 40,000 million dollars from a currency exchange and an eventual credit from the private sector – was crucial for the Ultra Government to face the financial volatility of recent weeks. This Monday, The markets accompanied the change of scenery. The peso appreciated against the dollar and the country’s bonds and stocks rose markedly.
The day after the legislative elections, Milei was exultant and convinced of deepening his objectives of deregulating the economy.At the same time, he insisted on presenting himself as more moderate and dialog-oriented than until a few months ago, when he labeled his adversaries and also his allies as “rats” or “baboons.” Excluding Kirchnerist Peronism and the left, he reiterated his
Milei’s Party Gains Ground in Argentine Midterm Elections, Setting Stage for Legislative Battles
Recent legislative elections in Argentina have substantially altered the political landscape, bolstering the position of President Javier Milei‘s La Libertad Avanza (LLA) party and setting the stage for complex negotiations in Congress. The results, notably strong in Buenos Aires province – a region representing almost 38% of the national voting population – mark a reversal of fortunes for the LLA, which lost the province in local elections just 50 days prior by nearly 14 points to Peronism. https://elpais.com/argentina/2024-10-22/milei-reconfigurara-su-gabinete-tras-el-empate-tecnico-en-las-elecciones-legislativas.html
this Sunday’s election saw LLA secure 42.45% of the vote in Buenos Aires province, narrowly surpassing Fuerza Patria, the Peronist coalition, which received 40.91%. Nationally,LLA garnered approximately 40% of the votes. https://www.reuters.com/world/americas/mileis-party-narrowly-wins-argentina-legislative-elections-2024-10-22/
Legislative Power Shift
The election results translate to a significant increase in LLA’s congressional depiction. The party, along with its allies, will hold 107 seats in the 257-member Chamber of Deputies. This gives LLA the ability to sustain presidential decrees and vetoes and brings them close to achieving a simple majority for passing laws. In the Senate, LLA will have 24 seats out of 72, representing a third of the body.https://elpais.com/argentina/2024-10-22/milei-reconfigurara-su-gabinete-tras-el-empate-tecnico-en-las-elecciones-legislativas.html
Peronism,despite receiving 31% of the votes in these elections,will retain 98 seats in the Chamber of Deputies and a third of the Senate,remaining the primary opposition force. Other parties – representing provincial interests, the left, and the center – will likely play a crucial role as potential arbitrators in the increasingly polarized Parliament.
Government Reshuffle Anticipated
President Milei acknowledged the need to adapt his political strategy considering the election results. “This reconfigures the political structure that I must put together to negotiate and approve the laws that I promised Argentines,” he stated. He indicated that his cabinet will be reshaped to reflect the new alliances necessary for legislative success. https://elpais.com/argentina/2024-10-22/milei-reconfigurara-su-gabinete-tras-el-empate-tecnico-en-las-elecciones-legislativas.html
Several changes within the Executive branch are already underway. Gerardo Werthein resigned as Minister of Foreign Affairs last week, reportedly due to disagreements over negotiations with the Trump administration, and has been replaced by Pablo Quirno.https://elpais.com/argentina/2025-10-22/gerardo-werthein-el-canciller-de-javier-milei-renuncia-a-cuatro-dias-de-las-elecciones-legislativas.html Mariano Cúneo Libar