Overview

• Presenting his management report in the Chamber of Deputies, Chief of Staff Guillermo Francos opened with a forceful defense of the government’s program and a broadside against previous administrations.
• Francos cited government figures claiming inflation eased to 1.9% in July for a third consecutive month below 2%, with economic activity up 6.4% year over year in June.
• He reported that wages rose 20.7% in the first half of 2025 versus 15.1% inflation for the period, asserting gains in purchasing power.
• Arguing the fiscal strategy is working, Francos said Argentina is running a surplus, described the country as the only one in South America with positive public accounts, and claimed a $54 billion (10%) reduction in public debt.
• He accused prior governments of leaving a 15% of GDP deficit and a $100 billion shortfall in 2023, while dismissing the ANDIS audio scandal as a politically driven operation during a session held as corruption and public‑health controversies weigh on the administration.