Milei wins over 40% of the vote in Argentina's legislative elections.

In large provinces like Mendoza, Córdoba, Entre Ríos, and Santa Fe, the far right performed well, reversing the defeat suffered against Peronism in Buenos Aires two months ago. The election to renew Congress was won this Sunday by Javier Milei, with 40.8% of the vote. The far-right candidate presented it as an epic victory, and its magnitude was surprising. He had ample reason to celebrate. After four terrifying months for the Casa Rosada (the presidential palace), with the economy dependent on a financial bailout from Donald Trump, corruption scandals, and even candidates sidelined due to connections with drug trafficking, the government feared that its percentage would be closer to 30% than 40%. Thus, with the support of its allies, Milei's number of representatives increases from 37 to 93. And from six to 19 senators, in a chamber where he has secured more than 42% of the vote. Even in the province of Buenos Aires, Milei celebrated a very narrow victory, despite having lost to the Peronists by more than 14 percentage points just two months ago during the provincial legislative elections. In large cities like Mendoza, Santa Fe, Córdoba, and Entre Ríos, as well as in the capital, the far right also achieved a clear victory. According to the national government, the privatizations will generate around $5 billion. The secret to the new frenetic pace lies precisely in this amount deposited in the Treasury coffers, which would allow the government to pay some of next year's external debt obligations through fiscal accounts, without needing to take out new loans or negotiate a swap. The Casa Rosada (the presidential palace) is seeking to accelerate privatizations to divest itself of companies with operating losses. Although the administration of the 32 state-owned companies generated a considerable surplus in the first half of 2025, exceeding $106 billion, Enarsa and Trenes Argentinos are the ones that present the highest deficits