Overview
- La Libertad Avanza finished as the top vote‑getter and enlarged its blocs, bringing the government closer to a one‑third foothold in both chambers but still short of a majority.
- The administration is drafting a package to simplify taxes with gradual cuts, create a termination fund as an alternative to severance, and tighten pensions by raising retirement ages and adding individual savings elements.
- The plan is slated to be filed alongside the 2026 budget as Milei courts backing from 14 provincial governors and prepares for extraordinary sessions once the new Congress is seated on December 10.
- Markets rallied after the vote, with Argentine shares jumping as analysts pointed to U.S. political backing and reported credit lines, and President Donald Trump said Washington helped and that Argentine bonds surged.
- Turnout hovered near 68% as unions including the CGT condemned the labor and pension changes and prepared protests, while analysts highlighted the drop in monthly inflation from about 25% to roughly 2% as central to Milei’s support.