Overview
- La Libertad Avanza took roughly 40–41% of the vote versus about 31% for Peronists, translating to around 64 new lower-house seats and 12–14 in the Senate that bolster Milei’s ability to defend decrees and vetoes.
- La Libertad Avanza narrowly flipped Buenos Aires province and won in agricultural strongholds Santa Fe and Córdoba, reshaping a map long dominated by Peronism.
- U.S. backing includes a $20 billion currency swap and a proposed $20 billion private facility after the Treasury sold dollars and finalized a credit line to meet surging demand for greenbacks.
- Markets were expected to rally as monthly inflation readings eased sharply and the government reported a fiscal surplus, even as austerity has cost over 250,000 jobs and strained public services.
- Turnout was just under 68%, near a post-1983 low, and despite gains Milei still lacks an outright majority, must court allies in Congress, and confronts opposition criticism over U.S. influence.