Overview
- LLA won more than 40% of the vote on Oct. 26, sharply increasing its seats in both chambers and scoring an unexpected win in Buenos Aires Province, yet it fell short of an absolute majority.
- With over one-third of Congress, the government is better positioned to defend vetoes and advance legislation, but appointing judges still requires two-thirds of the Senate and deals with Peronists.
- Political scientist Andrés Malamud argues the key risk is self-inflicted losses, urging the government to maintain discipline in Congress and rebuild ties with provincial governors to secure reform votes.
- Malamud highlights U.S.-linked liquidity as a stabilizing backstop, saying the election result reinforced access to dollars that had been contingent on political conditions.
- An op-ed credits steep fiscal consolidation and deregulation with rapid disinflation and a fiscal surplus, citing IMF growth forecasts of 4.5% in 2025 and 4.0% in 2026, though those assessments reflect supportive analysis.