Overview
- La Libertad Avanza took just over 40% of the national vote versus about 31% for Peronists on tallies nearing completion, with turnout at 67.9%, the lowest for a national vote in over 40 years.
- The gains roughly doubled the party’s seats, strengthening Milei’s ability to defend vetoes and lowering impeachment risk, though he still lacks a majority and will need allies to pass complex legislation.
- Local counts show a razor-thin edge in Buenos Aires province and wins in key farming provinces such as Santa Fe and Córdoba, signaling a reshaped electoral map.
- Washington linked emergency support to the outcome, including a $20 billion currency swap and a proposed $20 billion private facility, after recent U.S. dollar sales helped stabilize the peso.
- Milei called the vote a “turning point” and vowed to press ahead with deregulation and spending cuts, as investors anticipated a market rally and the economy minister ruled out a post-election devaluation.