Argentina’s lower house has approved President Javier Milei's sweeping economic overhaul bills, sealing a much-needed legislative victory for the libertarian leader after six months of bruising negotiations and raucous protests that had raised questions about his ability to govern.
Lawmakers start the session to discuss reforms backed by President Javier Milei in Buenos Aires, Argentina, Thursday, June 27, 2024. – Argentina's lower house on Friday approved President Javier Milei's sweeping economic overhaul bills, sealing a much-needed legislative victory for the libertarian leader after six months of bruising negotiations and raucous protests that had raised questions about his ability to govern.
Milei's party controls less than 15% of congressional seats and has so far relied on executive powers to slash public spending and impose the president's small-state vision. Analysts have said that only congressional approval could offer Milei the support he needs to boost investor confidence in Argentina, a country with a long history of defaulting on payments and breaching contracts.
The 232-article state overhaul bill passed the lower house comfortably after 13 hours of debate. The lower house of Congress, known in Argentina as the Chamber of Deputies, had, sending the bills to the less-friendly Senate for further debate.
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