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Milei’s Party Takes 40.7% in Argentina’s Midterms, Still Short of a Majority

The result strengthens his position without delivering control, making coalition deals the next test of a reform agenda sold on disinflation gains.

Overview

  • With about 97% of votes counted, La Libertad Avanza secured 40.7% nationwide and finished first in the Province of Buenos Aires.
  • The gains expand Milei’s leverage but do not give him an absolute majority, and he has signaled outreach to governors and opposition figures along with a cabinet reshuffle.
  • Milei’s forecast of growing to 101 deputies and 20 senators is his projection and has not been validated by the electoral authority.
  • Voter participation was 67.9%, the lowest for a national contest since 1983 despite compulsory voting.
  • U.S. backing featured prominently, with President Trump publicly promising large-scale assistance reportedly discussed up to $40 billion, described as conditional.