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Argentine Senate Overturns Milei’s Vetoes; Government Explores Delaying Funds

Legal advisers are preparing a path to promulgate the measures without executing their budgets.

Overview

  • The upper chamber rejected the vetoes on university financing and pediatric emergency funding by wide margins, voting 58–7–4 and 59–7–3 respectively.
  • The Executive is studying a repeat of the Disability law approach by promulgating but suspending fiscal execution, with a decision expected within the legal window after notification.
  • Teams in the Legal and Technical Secretariat and the Treasury’s procuration are crafting options that officials say aim to preserve fiscal balance.
  • Opposition senators advanced a resolution to repudiate the earlier suspension of the Disability law and signaled potential interpellation or censure of Chief of Cabinet Guillermo Francos.
  • The Congressional Budget Office estimated the university measure’s 2025 impact at 1.96 trillion pesos, or 0.23% of GDP, as market reports pointed to dollar sales of about $200 million to steady the peso.