One of the protests at Lavalle Square, in Buenos Aires
This vast package of reforms, known as the omnibus law, must also be examined by Parliament, and legal opinions differ on the actual time – months, even years according to some – that it would take to examine the approximately 600 articles.
Another question concerns the outcome itself of the parliamentary process on certain controversial provisions, with a parliament without an absolute majority in either chamber. And where Milei's party, Libertad Avanza, is only the third force – even if it can count on the support of the center-right bloc, the second in importance.
The mobilization did not wait, however, with three demonstrations in a little over a week in Buenos Aires, and several legal appeals filed against the emergency decree of December 20. Some of which by the CGT itself on Wednesday.
Are already effective, and with an immediate effect on the wallets of Argentinians, a first series of austerity measures announced in the first days of the Milei presidency.
Thus the devaluation of more than 50% of the peso , the national currency, and the reduction from the beginning of January in transport and energy subsidies, translating into an immediate increase in prices destined to affect the daily lives of several million Argentines.
< p class="StyledBodyHtmlParagraph-sc-48221190-4 hnvfyV">The objective for the government is a significant reduction in Argentina's chronic budget deficit, mired in inflation at 160% over one year.