Argentina Election Results: Milei’s Victory and Economic Policy
Milei to Double Down on Austerity After Midterm Election Gains
BUENOS AIRES – Argentine President javier Milei announced plans to intensify his controversial economic policies following a important victory for his party, La Libertad Avanza, in yesterdayS midterm elections. The party secured over 40 percent of the vote, replacing half of the Chamber of Deputies and a third of the Senate.The left-wing opposition trailed with nearly 32 percent.
The election results grant Milei and his allies a crucial foothold in Congress, perhaps securing at least a third of the mandates needed to override parliamentary resolutions and defend presidential vetoes. This strengthened position comes as Milei’s administration continues to grapple with a stalled economic recovery despite achieving initial successes in balancing the budget and curbing inflation through drastic austerity measures.
“This is an overwhelming victory,” declared US President Donald trump,a key ally of Milei,who had previously threatened to withdraw a $20 billion aid package to Argentina should Milei’s party falter. The aid remains on the table following the election outcome.
The win marks a turnaround for Milei’s camp, which suffered a setback in September’s regional elections in Buenos Aires province – home to approximately 40 percent of Argentina’s population – where the Peronist Party emerged victorious.
This report originated from a Deutschlandfunk broadcast on October 27th, 2025.