Miei won a decisive victory against the opposition in Argentina’s midterm elections

Argentine President Javier Mille won a decisive victory on Sunday Mid-Term ElectionsIncreasing his control over Congress and giving his government new momentum to push forward with deep spending cuts and sweeping free-market reforms.

The result is a boost to Miley’s libertarian movement and another sharp turn for one of Latin America’s largest and most volatile economies.

Miley’s party, La Libertad Avanza, won 41.5% of the vote Province of Buenos AiresA historic upset in a region dominated by the Peronist opposition. The rival coalition took 40.8%, according to figures cited by Reuters and The Associated Press.

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Argentine President Javier Millei gestures as he delivers a speech on stage. (AP Photo/Manu Fernandes, File)

Across the country, La Libertad Avanza expanded its locations lower house 37 to 64, positioned Miei more easily to defend his vetoes and executive orders that defined his economic agenda.

“The result is better than even the most optimistic Miley supporters expected,” Marcelo Garcia, Americas director at risk-analysis firm Horizon Engage, said in comments reported by Reuters. “With this ruling, Miley will be able to easily defend his order and veto in Congress.”

Political consultant Gustavo Córdoba told Reuters that the result showed cautious optimism among voters who were willing to give Maylei. Economic policies more time.

Argentine President Javier Millei speaks during a ceremony to commemorate Holocaust and Heroism Day, Wednesday, May 8, 2024, in Buenos Aires, Argentina. (AP Photo/Natacha Pisarenko)

“A lot of people were willing to give the government another chance,” Cordoba said. “Victory is unmistakable, indisputable.”

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This is reported by Reuters Inflation has fallen from 12.8% before Milei’s inauguration Up 2.1% last month. His government has also posted fiscal surpluses and pushed through sweeping deregulation measures — a dramatic turnaround after years of economic turmoil.

According to the Associated Press, US Govt Donald Trump After tying future US support to Miley’s performance in the midterms, Argentina was offered a $40 billion aid package, including a $20 billion currency swap and a proposed $20 billion debt-investment facility.

Italian Prime Minister Giorgia Meloni and Argentine President Javier Miele share a joke as they arrive for Donald Trump’s presidential inauguration in the Rotunda of the US Capitol on January 20, 2025 in Washington, DC. (Evelyn Hockstein/Reuters)

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Investors responded positively to these results. Reuters reports that Argentine bonds and stocks are expected to rise as Miley’s strong hand in Congress gives him political capital. Accelerate its reforms

Miley called the election “a turning point for Argentina,” according to AFP via the Times of Israel.