The 54-year-old economist acknowledged his party’s clear defeat by the centre-left Peronist movement in elections for the legislature of Argentina’s economic powerhouse province.
“We will deepen and accelerate it,“ he declared at a subdued election night event in Mar del Plata where he took the stage in silence rather than his usual dramatic rock music entrance.
The 13-point gap significantly exceeded opinion poll predictions and poses major concerns for Milei just six weeks before critical midterm elections.
The government entered the election under a cloud following a corruption scandal at the National Disability Agency involving the president’s sister and right-hand woman Karina Milei.
The electoral drubbing comes three days after Congress overturned Milei’s veto of a law increasing allowances for disabled people marking another significant setback.
LLA candidate Diego Valenzuela stated “We must learn from this election defeat” while claiming it resulted from refusing to engage in economic populism.
Despite success in fighting inflation and erasing the fiscal deficit Milei faces economic challenges including recent treasury dollar sales to stem peso depreciation. – AFP
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