BUENOS AIRES, Argentina — President Javier Milei faced a disastrous setback on Sunday as his party, La Libertad Avanza, secured only 34% of the votes in the Buenos Aires provincial elections, losing to the left-leaning Peronist opposition, which achieved 47%. This defeat comes at a time when Milei's administration is grappling with economic instability and internal scandals involving key associates.
Milei, reflecting on the loss, admitted to his supporters, We suffered a setback... If we've made political mistakes, we're going to modify our actions. Despite this, he emphasized his commitment to his economic overhaul policies, ensuring no retreat in the government's approach.
As the elections were viewed as a barometer for the upcoming congressional midterms, Milei's allies are concerned about a potential rallying of his opponents as they navigate the challenges of an economy plagued by high inflation and scandals.
The provincial vote holds significant weight as Buenos Aires represents nearly 40% of Argentina's population. The results are not only a blow to the La Libertad Avanza party but also a reflection of the social mood amidst growing dissatisfaction with current governance, compelling analysts to closely monitor the implications for upcoming congressional elections.
Former President Cristina Fernández de Kirchner, a prominent Peronist leader, appeared to revel in Milei's defeat, suggesting it was a form of redemption after her prior convictions. Meanwhile, Axel Kicillof, the current governor of Buenos Aires, has positioned himself as a leading voice in the reinvigorated Peronist narrative, criticizing Milei's policies and promising a return to more socially-focused governance.
With the midterm elections approaching, the need for Milei to consolidate power and expand his party's influence in a Congress dominated by opposition becomes increasingly critical, casting uncertainty on the future of his radical economic reforms.
