Javier Milei warned that he would veto any law that threatens fiscal balance.

President Javier Milei warned on Tuesday that he will veto any laws that affect fiscal balance, referring to the bills approved by the Senate, including the one that establishes a new pension mobility calculation. He also stated that, if Congress insists, the Government will take the regulation to court to stop its implementation.

"Everyone knows what I'm going to do. We're going to veto. If the veto fails, we're going to take it to court," the president said during his speech at the anniversary event of the Buenos Aires Stock Exchange, which was attended by ministers, business leaders, and officials. "If the judiciary decides to act swiftly, the damage will be minimal. A two-month stain that we're going to reverse on December 11," he emphasized.

"The macro is our safety vest"

In line with his confrontational style, Milei asserted that the political sectors promoting these laws are "desperate because they know that in October La Libertad will sweep," he said. In that regard, he downplayed political pressure: "Daggers exist, but the macro is a safety vest."

He reaffirmed that fiscal balance is non-negotiable. "The policy of fiscal surplus is permanent. It's not an adjustment, it's the only way to stabilize the economy," he stated. According to him, Argentina experienced a rapid recovery after the initial shock of the adjustment:  "We expanded by 5.7% in the first quarter and we're going to close the second with year-on-year growth of 7.5% or 8%."

Defense of the economic course and business support

Milei defended his economic management by stating that, despite criticism, the plan is delivering results. "We lifted 11 million Argentines out of poverty since that fateful 54%," he noted, referring to the peak of poverty before his term.

Meanwhile, Adelmo Gabbi, president of the Stock Exchange, praised the libertarian administration and celebrated that "the cultural battle against interventionism and controls is being won." "I had to wait until the final stage of my life to see my country with 18 months of fiscal surplus," he said, visibly moved.

The event was attended by Chief of Cabinet Guillermo Francos and key ministers such as Luis Caputo, Patricia Bullrich, Sandra Pettovello, and Federico Sturzenegger, as well as business representatives like Horacio Marín (YPF) and Nicolás Pino (Sociedad Rural).