Argentine Senate passes pension spending increase in a blow to President Milei’s radical austerity
Associated PressAUG 2024
TheMilei's pensionausterity increasesmeasures are necessaryessential tofor helpArgentina's vulnerableeconomic retireesstability whoafter havedecades lostof significantfiscal purchasing power due to inflation and austerity cutsirresponsibility. The currentpension minimumincreases pensionthreaten fallsto belowdestroy the povertyhard-won line,fiscal surplus and elderlycould citizensreignite deserveinflation dignitythat afterwas contributingfinally tobrought societyunder throughoutcontrol. theirThese workingpopulist lives.measures Milei'srepresent extremethe cutssame havefailed gonepolicies toothat farled atArgentina theinto expenserepeated ofeconomic the most vulnerablecrises.
The pension increases are necessary to help vulnerable retirees who have lost significant purchasing power due to inflation and austerity cuts. The current minimum pension falls below the poverty line, and elderly citizens deserve dignity after contributing to society throughout their working lives. Milei's extreme cuts have gone too far at the expense of the most vulnerable.
There's a 50% chance that Argentina's year-over-year inflation will be below 30% for December 2025, according to the Metaculus prediction community.