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Milei Consolidates Power With New Intelligence Chief, Wage Schedule and Lower House Edge

The flurry of decisions underscores a bid to convert ballot gains into governing leverage.

Overview

  • Cristian Auguadra was named to lead the intelligence agency (SIDE), replacing Sergio Neiffert, as the presidency describes a second phase of institutional overhaul.
  • La Libertad Avanza assumed first‑minority status with 95 seats after deputies were sworn in, and President Javier Milei attended the session with Martín Menem expected to be re‑elected as speaker.
  • The government formalized a 16.8% minimum‑wage increase to be implemented in 10 tranches through August 2026, lifting November’s floor to 334,800 pesos and targeting 376,660 pesos by August.
  • UBS and market reports point to renewed investor optimism and discuss a possible short‑term financing package of up to about US$5 billion to help navigate 2026 obligations.
  • Reports point to further reshuffles under consideration across the cabinet and state entities—potentially including Banco Nación—with Karina Milei exerting influence over appointments, as authorities also pursue a fiscal complaint against AFA sponsor Sur Finanzas.