# Javier Milei ## The power he actually held Javier Milei has been president of Argentina since 10 December 2023. Congress can reject DNUs. INDEC prints. The BCRA implements. He is the political principal, not every circular. As of August 2026 he remains in office and has said he will run in 2027. That vote is not this page’s completed Fact. Dollarisation remains a proposal. ## What went wrong, and what is proven The sharpest price-and-household cost that is dated and named is the [13 December 2023 devaluation](/facts/ar-deval-2023) and [DNU 70/2023](/facts/ar-dnu-70-2023). [INDEC poverty](/facts/ar-poverty-2024) printed above 50 percent in the first shock. The [first omnibus](/facts/ar-omnibus-fail-2024) failed in February 2024. [Protest clashes](/facts/ar-protest-2023) sat the same December. [University vetoes](/facts/ar-university-veto-2024) and [CONICET cuts](/facts/ar-conicet-2024) are completed budget instruments. [Pension real cuts](/facts/ar-pension-2024) and [ministry closures](/facts/ar-ministries-2023) are dated. Unemployment is a completed labour-market cost while output recovered. ## What improved, and how far The [19 November 2023 runoff](/facts/ar-election-2023) and [10 December oath](/facts/ar-inauguration-2023) are completed rotations. [Ley Bases, 28 June 2024](/facts/ar-ley-bases-2024) and RIGI are completed investment-and-labour-adjacent statutes. A [2024 primary surplus](/facts/ar-surplus-2024) and [falling monthly inflation](/facts/ar-inflation-2024) are dated macro prints. The [May Pact](/facts/ar-may-pact-2024), an [IMF programme](/facts/ar-imf-2024), a [US Treasury backstop](/facts/ar-us-backstop-2025), [2025 midterms](/facts/ar-midterms-2025), a [2026 labour statute](/facts/ar-labour-2026), [cepo relaxation](/facts/ar-cepo-2025), and a [China swap renewal](/facts/ar-china-swap-2026) are completed instruments. Dollarisation is still not this page’s Fact. ## Shared responsibility, and what the score does not say The score does not say that every poor household is a personal theft count. It does not say that a surplus rebates $LIBRA. It does not convert a tweet into a completed criminal conviction. Confidence is high on DNUs, statutes, and INDEC, and medium where BCRA, IMF, and later real-wage series sit between a decree and a welfare indicator. Related people are counterpart rulers who actually shared files: Trump, Musk if live, Lula, Bukele, Sheinbaum, Biden, Netanyahu, von der Leyen, Vance, Guterres, Macron, Modi. Official carriers include Casa Rosada (https://www.casarosada.gob.ar/), BCRA, INDEC, and contemporaneous Reuters. A president is powerful enough to own those decrees. He is not powerful enough to be the unique author of an IMF board or of INDEC, and the dossier keeps that line visible. Keep 13 December off Ley Bases. Keep $LIBRA off a surplus. If those distinctions feel pedantic, they are the alternative to a chainsaw film and the alternative to a cartoon. The 2023 oath, the 2024 statute, and the 2025 token are different dates. Treat them as texts. A midterm is not 2027. He is still president in August 2026. Caputo remains the economy minister on several files. Congress remains able to reject a DNU. Those names stay on the file so a brand cannot swallow them. INDEC can print a later poverty decline without unwriting the 2024 spike. The BCRA can ease cepo without enacting dollarisation. The IMF can back a programme without owning INDEC. Sturzenegger can repeal circulars without becoming the Senate. Those limits stay visible. A chainsaw rally is not Ley Bases. A surplus is not $LIBRA. Keep 20 December off 27 June. Keep February 2025 off a 2024 CPI print. ## Dated facts - 2026: Argentina’s EMBI country risk prints above 500 basis points. https://factrail.ai/facts/ar-country-risk-2026. Sources: https://www.reuters.com/world/americas/argentina-country-risk-500-milei-2026-08-21/, https://www.bcra.gob.ar/. - 2026: The BCRA renews a $19 billion currency swap with China. https://factrail.ai/facts/ar-china-swap-2026. Sources: https://www.reuters.com/world/americas/argentina-renews-china-currency-swap-2026-08-05/, https://www.bcra.gob.ar/. - 2026: INDEC records falling formal employment while output recovers. https://factrail.ai/facts/ar-unemployment-2026. Sources: https://www.reuters.com/world/americas/argentina-unemployment-milei-2026-06-30/, https://www.indec.gob.ar/. - 2026: Congress passes Milei-backed labour-liberalisation legislation. https://factrail.ai/facts/ar-labour-2026. Sources: https://www.reuters.com/world/americas/argentina-congress-labour-reform-milei-2026-02-20/, https://www.boletinoficial.gob.ar/. - Milei’s party outperforms in the 2025 midterm elections. https://factrail.ai/facts/ar-midterms-2025. Sources: https://www.reuters.com/world/americas/milei-party-midterms-argentina-2025-10-26/, https://www.argentina.gob.ar/interior. - 2025: INDEC prints a later decline in poverty from the 2024 spike. https://factrail.ai/facts/ar-poverty-2025. Sources: https://www.reuters.com/world/americas/argentina-poverty-falls-from-spike-2025-09-25/, https://www.indec.gob.ar/. - 2025: The US Treasury extends a financial backstop to Milei’s Argentina. https://factrail.ai/facts/ar-us-backstop-2025. Sources: https://www.reuters.com/world/americas/us-treasury-argentina-backstop-milei-2025-09-20/, https://home.treasury.gov/. - 2025: Argentina eases remaining currency controls (cepo). https://factrail.ai/facts/ar-cepo-2025. Sources: https://www.reuters.com/world/americas/argentina-eases-cepo-currency-controls-2025-04-14/, https://www.bcra.gob.ar/. - 2025: Milei promotes the $LIBRA token that then collapses. https://factrail.ai/facts/ar-libra-2025. Sources: https://www.reuters.com/world/americas/milei-libra-crypto-collapse-2025-02-14/, https://www.casarosada.gob.ar/. - Monthly inflation falls sharply through 2024 after the December spike. https://factrail.ai/facts/ar-inflation-2024. Sources: https://www.reuters.com/world/americas/argentina-monthly-inflation-falls-milei-2024-12-15/, https://www.indec.gob.ar/. - 2024: Milei vetoes a university-funding bill; Congress later fights the veto. https://factrail.ai/facts/ar-university-veto-2024. Sources: https://www.reuters.com/world/americas/milei-vetoes-argentina-university-funding-2024-10-15/, https://www.casarosada.gob.ar/. - 2024: The BCRA runs an export-dollar blend to accumulate reserves. https://factrail.ai/facts/ar-blend-2024. Sources: https://www.reuters.com/world/americas/argentina-bcra-export-dollar-blend-2024-08-01/, https://www.bcra.gob.ar/. ## Methodology https://factrail.ai/methodology Canonical: https://factrail.ai/people/javier-milei