Argentina, senate approves 7.2% increase in pensions

On July 10, 2025, Argentina’s Senate approved a 7.2% increase in retirement pensions. teleSUR

Transcript

00:00The Argentine Senate overwhelmingly approved a 7.2% increase in pensions and retirement benefits,

00:06along with a boost in the bonus for minimum pensioners and an emergency law for disabled people.

00:12The approval marks a significant political setback for President Javier Milley,

00:16who has vowed to veto the bill, arguing it threatens his government's strict fiscal austerity and zero-deficit goals.

00:24Milley's commitment to strict fiscal cuts has been widely criticized for neglecting the social impact of his policies.

00:32The bill, supported by the opposition and centrist lawmakers, aims to adjust pensions in line with inflation

00:39and address the growing social needs amid high poverty and inflation rates that have eroded retirees' purchasing power.