Argentina's President Javier Milei has vetoed bills to increase pensions and disability spending due to budget constraints, emphasizing the inability to finance such legislation. These vetoes, made less than three months before mid-term elections, reflect his administration's commitment to austerity amid ongoing protests. The proposed spending would have impacted GDP significantly. Milei aims to repeat the success of previous vetoes by securing support from the conservative PRO bloc in Congress. His approach relies on fiscal responsibility and a politically controversial style linking to populist rhetoric.
Milei vetoed bills to raise pensions and disability spending, emphasizing the need for fiscal responsibility as Argentina’s economy grapples with severe financial constraints.
The president argues that proposed spending increases were passed irresponsibly without identifying funding sources, representing a significant percentage of GDP.
Milei's administration maintains that to achieve greatness for Argentina, honesty and effort are essential, rather than traditional economic approaches.
The president's office references Trump's rhetoric, stating that only truth can rebuild the nation, contrasting with old political strategies.
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