Overview

• Chief of Cabinet Guillermo Francos said the government must conduct an autocrítica after the Buenos Aires setback and admitted that macroeconomic gains are not reaching households.
• Francos reaffirmed policy continuity, calling fiscal balance the basis for growth and citing Economy Minister Luis Caputo’s assurance that the economic framework and exchange-rate stance will not change.
• President Javier Milei signaled there will be no pre-election spending push, saying the administration will keep fiscal discipline, tight money and the current currency scheme.
• The administration plans to review political and communication missteps and concentrate on the October legislative vote to secure support for labor and tax changes in Congress.
• Francos contacted Governor Axel Kicillof to congratulate him after Fuerza Patria won Buenos Aires Province with 47.28% to La Libertad Avanza’s 33.71%, and he acknowledged a perceived tone of “soberbia.”