Argentina’s President Javier Milei has achieved a decisive victory in the country’s midterm elections, solidifying his political influence and paving the way for his ambitious economic reforms. His party, La Libertad Avanza, garnered nearly 41% of the vote, securing 13 of 24 Senate seats and 64 of the 127 contested lower-house seats. This triumph significantly enhances Milei’s ability to advance his agenda of drastic state spending cuts and deregulation, which have defined his presidency since taking office in 2023. The election results mark a critical test of Milei’s popularity, as his administration has implemented sweeping austerity measures, including budget reductions in education, pensions, health, and infrastructure, alongside mass layoffs in the public sector. Supporters, including former U.S. President Donald Trump, credit Milei with curbing inflation, reducing deficits, and restoring investor confidence. However, critics argue that these policies have led to job losses, declining manufacturing, deteriorating public services, and an impending recession. The U.S. has offered Argentina a $40 billion lifeline, contingent on Milei maintaining political momentum, a move that has sparked accusations of foreign interference. Despite the mixed public sentiment, Milei’s victory reflects a rejection of the Peronist model he blames for decades of economic mismanagement. The financial markets are expected to rally, signaling continued support for Milei’s economic experiment. With a strengthened mandate, Milei now has the political capital to implement more radical changes ahead of the 2027 presidential election, where he may seek re-election. The key question remains whether ordinary Argentines will begin to feel the benefits of his reforms or if the ongoing economic pain will test their patience.