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Argentina's Milei vetoes pension boost passed by Congress
ARGENTINA, AUG 3 – Milei vetoed bills raising pensions and disability benefits to uphold fiscal discipline, citing risks to inflation and deficit amid protests and economic challenges, officials said.
- On Monday, Javier Milei vetoed efforts to increase pension spending and expand disability protections, saying it would undermine his pledge to eliminate Argentina’s fiscal deficit before October midterms.
- Last month, Argentine Congress passed the spending bills without specifying funding sources, Milei's administration said they contradicted his mandate to reduce inflation.
- Protests have pitted Argentine retirees against security forces every Wednesday, as dozens face off over $400 pensions and use tear gas and water cannons.
- Overriding a presidential veto requires Argentine Congress to achieve a two-thirds majority, a difficult challenge for Milei’s libertarian party which holds only a small minority.
- Looking ahead to October’s midterms, Milei aims to boost his party’s representation as the elections are widely seen as a referendum on his two years in office.
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Behind the "motosierra" and Javier Milei's boasting of the fiscal surplus are some less attractive things to exhibit: pensions of misery for...
The president of Argentina, Javier Milei, officialized Monday the veto to three laws approved by Congress that benefited retirees, pensioners and persons with disabilities. READ ALSO: Argentina: Milei vetoes projects that increase retirements and the emergency disability law The decision, published in the Official Gazette, annuls the regulations that had been sanctioned with broad legislative support on July 10, marking a new chapter in the conf…
A large part of the pensioners in Argentina live in poverty. Nevertheless, the Argentine president has stopped an increase in contributions decided by Congress with a veto.
Associated Press News
Milei vetoes pension and disability spending increases, citing fiscal deficit pledge
Libertarian President Javier Milei has vetoed attempts to increase spending on pensions and expand protections for people with disabilities in Argentina.
President Javier Milei once again halts an increase in pensions for the elderly and people with disabilities decided by parliament. Despite growing poverty in old age, his government points to austerity targets and the cost of reform.
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