FILE PHOTO: Argentina's President Javier Milei speaks during the CPAC (Conservative Political Action Conference) in Balneario Camboriu, Santa Catarina state, Brazil, July 7, 2024. REUTERS/Anderson Coelho/File PhotoSource: REUTERS
Argentina's Congress upheld President Javier Milei's veto of a proposed pensions hike, leading to intense clashes between police and protesters outside the legislative building in Buenos Aires on Wednesday, September 11.
President Milei, known for his stringent fiscal policies, vetoed an 8.1% pension increase that had initially been approved by both houses of Congress. He argued that the measure was fiscally irresponsible as he cited the lack of a clear funding source and the potential impact on the country's budget.
The veto was upheld with 153 votes in favour, 87 against, and eight abstentions despite a heated debate that lasted over four hours.
Thousands of protesters gathered outside the National Congress as news of the veto's approval spread. The demonstration quickly escalated, with some protesters breaking down barriers and clashing with riot police. Authorities responded with pepper spray and rubber bullets to disperse the crowd.
"No, I no longer live. I no longer live. Just because a heart beats doesn't mean there's life—be careful, I don't live. I'm a living dead, I don't know how to explain it. I don't live. I don't live because I earn 8,000 pesos (8.35 USD) a day, it's very simple, 240,000 pesos (250.60 USD) a month," said 75-year-old Luis Relinquet.
Argentina is struggling with severe economic challenges, including an annual inflation rate nearing 240%. President Milei's administration has implemented a series of austerity measures aimed at curbing government spending and stabilising the economy since it took over in December.
However, these measures have been met with significant opposition, particularly from those who feel the cuts disproportionately affect the most vulnerable populations.
"I don't want to use any bad words because my religion forbids it, but it slips out. He's a son of a bitch because he forgets about the elderly, he forgets about the elderly, the sick, and those of us who are in need." 76-year-old Edgardo Cabalillas added.