- Title: Milei's intention to veto pension reform causes unease among Argentine retirees
- Date: 23rd August 2024
- Summary: BUENOS AIRES, ARGENTINA (AUGUST 23, 2024) (REUTERS) VARIOUS OF 64-YEAR-OLD RETIREE MARIA INES WORKING IN STREET, SELLING HANDICRAFTS, INCENSE AND CATALOG PRODUCTS INCENSE ON SELL MARIA INES WORKING IN STREET (SOUNDBITE) (Spanish) 64-YEAR-OLD RETIREE AND STREET VENDOR, MARIA INES, SAYING: "I never thought I would be in this situation. The truth is I thought I would be at ho
- Embargoed: 6th September 2024 20:19
- Keywords: Javier Milei bill budget cuts elder pensions poverty retirees
- Location: BUENOS AIRES, ARGENTINA
- City: BUENOS AIRES, ARGENTINA
- Country: Argentina
- Topics: South America / Central America,Government/Politics
- Reuters ID: LVA001889123082024RP1
- Aspect Ratio: 16:9
- Story Text: President Javier Milei's intention to veto a pension reform on Thursday (August 23) sparked discontent among retirees struggling to make ends meet in Buenos Aires.
Milei said he will veto the reform approved by the Senate in a move that is likely to widen an ongoing rift between the libertarian leader and the opposition-controlled Congress.
The Senate had overwhelmingly agreed to hike pensions in line with the country's triple-digit inflation, which could have risked the strict fiscal balance pushed by Milei.
Milei's office said in a statement on X that the bill's "only objective was to destroy the government's economic program," as it would have required spending an extra 1.2% of the gross domestic product.
Milei took office in December with strict austerity measures as part of a bid to tackle rampant inflation in the face of rising poverty now hitting half of the Argentine population.
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