Argentina’s Milei Alters Reform Plan Again in Bid to Win Congress Approval
- Government concedes on powers after pulling fiscal chapter
- Debate in congress set for Wednesday as alliances firm up
This article is for subscribers only.
President Javier Milei is further watering down his sweeping reform bill in an attempt to get it through Argentina’s congress, the clearest sign yet that the libertarian’s “shock therapy” economic plans face major political hurdles.
Milei conceded on some emergency executive powers Monday that would have allowed him to unilaterally set policy on fiscal and pension matters for up to two years, spokesman Manuel Adorni said in a press conference. Those changes followed his decision to shelve the bill’s most important austerity measures on Friday, as he sought to push the so-called omnibus bill closer to the legislative finish line.