December 10, 2025 marks the second anniversary of President Javier Milei’s government. Below, a review of some of the key economic and social indicators at the halfway point of his term in office, alongside economists’ assessments of what may lie ahead in his remaining two years.
1. Salaries and pensions
Since the current administration took office, the National Council for Employment, Productivity and the Minimum Wage has failed to reach an agreement on setting the minimum wage, leaving the government to determine it unilaterally. By December, the minimum wage will stand at 334,800 pesos, equivalent to around US$232 at the current exchange rate.
Measured against the cost of essential goods and services, the purchasing power of the minimum wage has deteriorated sharply. In November 2023, when it stood at 146,000 pesos, it covered 78.9 percent of the basic food basket for a family of four and 37.4 percent of the total basic basket.
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