The Beginning of the Electoral Campaign

July 5, 2026

According to an opinion article published by La Voz, President Javier Milei would formally begin his electoral campaign seeking re-election. This political process comes at a time of cabinet restructuring, marked by the resignation of Manuel Adorni on June 27, 2026, and the assumption of Diego Santilli as Chief of Staff on June 30, 2026. This followed the issuance of DNU 571/2026, which eliminated the Ministry of the Interior. (Note: A DNU, or Decree of Necessity and Urgency, is a presidential decree with the force of law in Argentina used in exceptional circumstances).

Clarification on Opposition Claims

Economic Achievements and Internal Challenges

Javier Milei's government prepares for re-election highlighting some of its most significant achievements in the national economy. To date, the price of the dollar has been stabilized, with the official rate at $1,510 and the blue dollar (the unofficial parallel exchange rate widely used by Argentines) at $1,525. Meanwhile, reserves at the BCRA (the Argentine Central Bank) exceed USD 48,000 million. Additionally, the country risk (the premium investors demand to hold Argentine sovereign debt) has fallen to 418 basis points, the lowest level in 8 years.

Another favorable point mentioned in the analysis is the resolution of the social plans (welfare programs) issue, eliminating intermediaries and increasing resources that go directly to beneficiaries. This success could add support in electoral segments traditionally linked to Kirchnerism (the left-wing faction of Peronism that governed Argentina for much of the 21st century).

However, the administration's main challenge would be the internal economy. Consultancies like Balanz Research project an inflation of 1.9% for June and July 2026, an encouraging target. Still, the commercial and industrial sectors are experiencing difficulties. The opposition might try to capitalize on this discontent, so the official strategy will seek to maintain the course without resorting to the traditional loosening of economic variables in election years.