In a stunning political comeback, Argentine President Javier Milei’s La Libertad Avanza (LLA) party secured a decisive victory on Sunday in the midterm elections, capturing approximately 41% of the national vote. This marks a significant rebound from a previous setback in the Buenos Aires province, underscoring Milei’s growing influence across Argentina’s political landscape.
The election results grant Milei’s coalition substantial leverage in the Chamber of Deputies, increasing its seats from 37 to 64. This enhanced representation positions the LLA to effectively defend presidential vetoes and advance critical economic reforms. Notably, the LLA won 16 of Argentina’s 24 provinces, including Buenos Aires, a traditional stronghold of the left-wing Peronist party. In the Buenos Aires province, the LLA narrowly edged out the Peronists, securing a 0.5% lead — a remarkable turnaround from a 14-point deficit in the previous month’s local elections.
Gracias Presidente @realDonaldTrump por confiar en el pueblo argentino. Usted es un gran amigo de la República Argentina. Nuestras Naciones nunca debieron dejar de ser aliadas. Nuestros pueblos quieren vivir en libertad. Cuente conmigo para dar la batalla por la civilización… https://t.co/L2OVP11kyH
— Javier Milei (@JMilei) October 27, 2025
President Milei hailed the outcome as a “turning point for Argentina,” emphasizing that the electorate had decisively rejected the Peronist era of economic mismanagement. He characterized the election as a mandate for his libertarian economic agenda, which includes aggressive deregulation, austerity measures, and a commitment to reducing public sector expenditures.
Internationally, the United States has been a pivotal ally in supporting Milei’s economic reforms. President Donald Trump and Treasury Secretary Scott Bessent have provided substantial financial backing, including a $40 billion aid package comprising a $20 billion currency swap and a proposed $20 billion debt investment facility. Trump lauded the election results, stating that Milei’s “big win” had “made a lot of money for the United States.” Bessent echoed this sentiment, noting that the U.S. intervention had stabilized Argentina’s financial markets, with the peso strengthening and sovereign bonds surging in value.
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Economically, Milei’s administration has achieved notable successes, including a significant reduction in inflation from 12.8% to 2.1% since his inauguration. While these measures have been accompanied by public-sector job cuts and reductions in social spending, they have garnered support from investors and segments of the population that favor fiscal discipline.
The midterm election results bolster Milei’s position as he seeks to implement further reforms to revitalize Argentina’s economy. With a strengthened mandate and continued international support, President Milei is poised to navigate the challenges ahead, steering Argentina toward a future defined by economic liberalization and reduced state intervention.
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