President Javier Milei's reform plans for economic deregulation have cleared their first parliamentary hurdle. House of Representatives in Buenos Aires voted in principle for the comprehensive reform package with a majority of 144 votes to 109.
From next week onwards, the MPs will look at the legislative plans and the individual articles in detail - and vote on them separately. The government is putting pressure on parliamentarians to agree to the reforms given the economic situation. Inflation in the South American country was 211 percent in 2023, and more than 40 percent of the population lives in poverty.