Overview

• With 93% of ballots counted, La Libertad Avanza was just under 34% versus more than 47% for the Peronist Fuerza Patria, a gap of about 13 points.
• Despite the setback, projections suggest Milei’s bloc will roughly double its representation in the Buenos Aires provincial assembly after teaming up with PRO.
• Milei called the outcome a clear political defeat and said the agenda for which he was elected in 2023 will be deepened and accelerated.
• Governor Axel Kicillof hailed the result and urged the president to change course, reinforcing his standing as a leading opposition figure.
• The vote capped a difficult period for the government that included a kickback probe touching Karina Milei, a congressional override of a veto on disability funding, and recent interventions to slow the peso’s slide.