decisive day for Milei government

The so-called Basic Law included, for example, a series of privatizations. In the original project, the list of total or partial privatizations exceeded a total of 40 companies. This Wednesday (12), the government once again reduced its intentions in this area, removing the companies Aerolíneas Argentinas, Correio Argentino and public communication vehicles from the sphere of companies to be sold, as reported by the provisional president of the Senate, Bartolomé Abdala , on the morning of this Wednesday (12), when there was already a quorum for voting.

In six months in office, the Milei government has still not managed to approve any project in the National Congress, where his party, A Liberdade Avança (LLA), does not have the majority of votes.

In a speech to businesspeople this Wednesday, Milei blamed the opposition for the increase in the country risk rate and the dollar in parallel in recent days, which highlights the uncertainties of the financial market in relation to the economic direction.

Among opponents, it is argued that, in the case of the state airline, it is essential for internal connection of flights, especially to the Patagonia region, in the extreme south of the country. Parliamentarians from this region were decisive in ensuring that the privatization of Aerolíneas Argentinas was removed from the Base Law project. Other opponents announced that they voted against ‘delegated faculties’, which would give the government greater autonomy to implement a series of measures, for a year, without needing the approval of the National Congress.

Outside parliament, several groups of demonstrators are protesting against Milei’s already reduced package of measures, and also against the tax bill, which is also expected to be voted on this Wednesday. The government understands that the approval of deregulation measures is “decisive” for the direction of the economy. The day before, on Tuesday (11), the World Bank reported that the Argentine economy is expected to fall 3.5% this year – more than the institution had previously predicted – and that growth is expected to be 5% in 2025.