Senate approves bill that would significantly increase government spending on pensions and social security, prompting angry reaction from President Javier Milei.
President Javier Milei on Thursday vowed to veto a push by Congress to significantly increase government spending on pensions and social security, measures he says threaten to derail his austerity drive before crunch October’s midterm elections.
The President’s fears of a pushback from angry provincial governors came to pass in the Senate on Thursday as the opposition took control of the agenda and pushed ahead with its own legislative plans.
Denouncing what he described as an “institutional coup,” Milei lashed out at critics in a speech at the Buenos Aires Stock Exchange on Thursday, just minutes after the opposition had passed bills against his wishes.
"In light of what happened today, I bet everyone knows what I'm going to do: we're going to veto it," the president remarked.
