US EditionMilei Vetoes Pension and Disability Spending Increases, Citing Fiscal Deficit Pledge
ARGENTINA, AUG 4 – Milei rejected pension and disability spending hikes totaling 1.68% of GDP in 2026 to maintain fiscal discipline and reduce inflation before midterm elections.
- On Monday, President Javier Milei vetoed bills to raise pensions and disability benefits, citing lack of funding and undermining his fiscal deficit pledge before October midterm elections.
- His administration argued that Congress last month passed bills to increase retiree and disability benefits without funding sources, contradicting `there is no money` and Milei's mandate to curb inflation.
- Last year, Argentina achieved its first annual fiscal surplus in 14 years and reduced inflation below 2% in June, according to official data.
- Facing economic hardship, retirees have led protests for months, confronting security forces armed with tear gas and water cannons.
- Seen as a referendum, polls show Milei’s party maintains a sizeable lead ahead of October midterm elections, widely viewed as a vote on his two-year tenure.
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36 Articles
Argentine President Milei has vetoed a pension increase decided by Parliament and a law to improve the protection of people with disabilities.
President Javier Milei today formalized his veto on the laws that proposed the increase in retirements, the extension of the previsional moratorium and the disability emergency. The government prioritizes its goal of maintaining the surplus, by classifying these initiatives as “irresponsible” for their fiscal impact. The numbers on public accounts diverge, according to different sources. According to the government, implementing these three init…
Milei vetoes pension and disability spending increases, citing fiscal deficit pledge
President Javier Milei this evening defended his recent veto on initiatives approved by Congress and remarked that "those who so much demand for the retirements at the time vetoed and said it was the bankruptcy of the state." The president pronounced himself in this way when giving the closing speech of an event of the Faro Foundation, where he added: "The kukas seem to have left us in Switzerland and we committed a massacre." In development....
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