Overview
- La Libertad Avanza took just over 40% of the vote, surpassing forecasts and outpacing the Peronist opposition reported near 31–32%, in an election with unusually low turnout around 66–68%.
- Media and election authorities report major seat gains, with about 64 deputies and 12 senators for Milei’s party, a tally that with allies reaches roughly one third of both chambers to shield vetoes.
- The result strengthens Milei’s push to extend austerity and market reforms that produced a fiscal surplus and sharply lower inflation while coinciding with job losses, firm closures and reduced benefits.
- U.S. backing featured prominently, with a $20 billion support package already extended and President Donald Trump tying further assistance to a pro‑Milei result before congratulating him after the win.
- Corruption allegations around Milei’s inner circle, including probes involving his sister Karina, and persistent economic strain remain key risks as the government seeks to advance labor and tax changes.