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Argentina Congress passes pension boost despite Milei opposition
ARGENTINA, JUL 13 – The Senate approved a 7.2% pension increase and emergency disability aid with 56 votes, despite President Milei's veto threat and concerns over fiscal stability.
- Argentine lawmakers passed a motion to boost pensions despite criticisms from President Javier Milei, who opposes increased government spending, citing fiscal concerns.
- The Senate approved a bill raising retirement benefits by 7.2 percent and increasing a bonus payment for pensioners to 110,000 pesos, with 52 votes in favor.
- Milei vowed to veto the pension increase, asserting it threatens his austerity measures before the October midterm elections.
- Milei characterized the Senate session as an 'institutional coup' and warned of potential market turmoil if the pension bills affect the fiscal surplus.
85 Articles
85 Articles
Milei ups rift with Villarruel
Argentine President Javier Milei has publicly escalated his conflict with Vice President Victoria Villarruel, reposting a series of accusatory messages on his X account, labeling her a 'traitor,' 'demagogue,' and 'brute.' This follows growing tension between the two, particularly after Villarruel presided over a Senate session that approved opposition-backed bills to increase pensions, which Milei vowed to veto.
Argentina Congress passes pension boost despite Milei opposition
Argentine lawmakers on Thursday passed a motion to boost pensions that the government of libertarian President Javier Milei had heavily criticized out of concerns that it would threaten the state's fiscal surplus.
Argentine Senate Approves Emergency Pension Hike, Defying President Milei - teleSUR English
He rejects the legislation, arguing it would increase public spending and undermine its goal of achieving a balanced budget. On Thursday, Argentina’s Senate passed a law granting an emergency increase in retirement pensions, a measure far-right President Javier Milei has repeatedly opposed. RELATED: Argentina Faces Loss of Over 430,000 Jobs Amid Unchecked Trade Liberalization Policies The bill, which had already been approved by the Chamber of D…
Argentina senate on collision course with Milei
Argentina’s senate approved a pension increase, putting it on a collision course with President Javier Milei and his austerity agenda. Milei, who has slashed public spending by 30% since taking office in 2023, vowed to veto the legislation, which he called an attempt at an “institutional coup.” His cost-cutting has led to Argentina’s first budget surplus in years while helping tame runaway inflation, though austerity has also pushed poverty rate…
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