• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home World News Africa

Milei vetoes pension, disability spending increases as Argentina feels cuts

August 4, 2025
in Africa
Reading Time: 2 mins read
A A
0
Milei vetoes pension, disability spending increases as Argentina feels cuts
3
SHARES
6
VIEWS
Share on FacebookShare on Twitter


Despite his austerity measures, the president’s party is expected to do well in the crucial October mid-term elections.

Argentina’s libertarian president, Javier Milei, has vetoed bills aimed at increasing pensions and disability spending, amid ongoing protests against his austerity fiscal policies, which are hitting many people in their day-to-day lives.

Milei’s administration announced the decision on Monday, less than three months before the crucial mid-term elections, saying the country does not have enough money to finance the legislation.

The vetoes can still be overturned by a two-thirds majority in the Congress, where politicians passed the laws in July.

The Argentinian president, whose party only holds a small number of seats in parliament, will hope for a repeat of last year, when he managed to successfully stop pension rises, thanks to support from the conservative PRO bloc.

In a statement published on X on Monday, the president’s office suggested that the now-vetoed laws had been approved by Congress in an “irresponsible manner”, without identifying funding sources.

It claimed that the spending rises would have amounted to 0.9 percent of gross domestic product (GDP) this year and 1.68 percent of GDP in 2026.

“This president prefers to tell an uncomfortable truth rather than repeat comfortable lies,” the president’s office said.

“The only way to make Argentina great again is with effort and honesty, not the same old recipes,” it added, echoing the “make America great again” rhetoric of the United States President Donald Trump.

Since taking office in December 2023, Milei, a self-described “anarcho-capitalist”, has slashed federal spending in an attempt to reduce inflation.

As part of these largescale economic changes, his government has removed tens of thousands of civil service jobs and made drastic cuts to social spending and public works.

In 2024, Milei’s policies saw Argentina gain its first annual surplus in 14 years, and in June, Argentina’s monthly inflation rate fell below 2 percent for the first time since 2020.

However, the president’s measures have been blamed for tipping millions of people into poverty in the first half of last year.

Unemployment has also grown, and prices are up 40 percent year-on-year, conditions which have led people to protest.

Researchers say pensioners, who have been at the centre of weekly demonstrations, are the hardest-hit group.

Despite the public protests, polls show that Milei’s party holds a sizeable lead ahead of October’s mid-term elections, which will be seen as a referendum on his first two years in office.



Source link

Tags: ArgentinaBusiness and EconomyeconomyLatin AmericaNews
Previous Post

Rwanda reaches deal with U.S. to take upto 250 migrants, Reuters reports – National

Next Post

In US-China battle over rare earths, developing nations are the front line

Related Posts

Rwanda agrees to take up to 250 migrants from the US

Rwanda agrees to take up to 250 migrants from the US

August 5, 2025
6
German club backs out of signing Israel striker after fan backlash

German club backs out of signing Israel striker after fan backlash

August 5, 2025
6
Next Post
In US-China battle over rare earths, developing nations are the front line

In US-China battle over rare earths, developing nations are the front line

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Police ID man who died after Corso Italia fight

December 23, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Who Is Colton Herta? INDYCAR's Youngest Winner On Golf, Drums & Rescue Dogs

Who Is Colton Herta? INDYCAR’s Youngest Winner On Golf, Drums & Rescue Dogs

August 5, 2025
Wendy’s menu makes a chicken change customers won't like

Wendy’s menu makes a chicken change customers won't like todayheadline

August 5, 2025

Anthropic releases Claude Opus 4.1 with improved coding capabilities todayheadline

August 5, 2025

How This Vegas Restaurant CEO Built Crazy Pita todayheadline

August 5, 2025

Recent News

Who Is Colton Herta? INDYCAR's Youngest Winner On Golf, Drums & Rescue Dogs

Who Is Colton Herta? INDYCAR’s Youngest Winner On Golf, Drums & Rescue Dogs

August 5, 2025
1
Wendy’s menu makes a chicken change customers won't like

Wendy’s menu makes a chicken change customers won't like todayheadline

August 5, 2025
5

Anthropic releases Claude Opus 4.1 with improved coding capabilities todayheadline

August 5, 2025
7

How This Vegas Restaurant CEO Built Crazy Pita todayheadline

August 5, 2025
5

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Who Is Colton Herta? INDYCAR's Youngest Winner On Golf, Drums & Rescue Dogs

Who Is Colton Herta? INDYCAR’s Youngest Winner On Golf, Drums & Rescue Dogs

August 5, 2025
Wendy’s menu makes a chicken change customers won't like

Wendy’s menu makes a chicken change customers won't like todayheadline

August 5, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co