
'There is no money': Argentina's Milei vetoes pension boost passed by Congress
The decision to veto the bills had already been announced by Milei last month, although Congress - where the libertarian president does not have a majority - can still overturn the vetoes.
The vetoes come less than three months before Argentina's mid-term elections, seen as a gauge of approval for the Milei administration, which has managed to reduce triple-digit annual inflation but whose austerity policies have had a social impact.
After the publication of an executive order with the vetoes, the Argentine presidency said in a statement that the bills had been approved by Congress in an irresponsible manner, without identifying funding sources.
"This president prefers to tell an uncomfortable truth rather than repeat comfortable lies: there is no money," the statement said.
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The Independent
an hour ago
- The Independent
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The Guardian
an hour ago
- The Guardian
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Reuters
2 hours ago
- Reuters
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