The Fort Worth Press - Argentina MPs back Milei's veto of university funding

USD -
AED 3.672978
AFN 68.502765
ALL 90.000058
AMD 387.059849
ANG 1.802437
AOA 908.496016
ARS 974.763403
AUD 1.48856
AWG 1.8025
AZN 1.698792
BAM 1.78374
BBD 2.019317
BDT 119.511884
BGN 1.787598
BHD 0.376836
BIF 2892.5
BMD 1
BND 1.304288
BOB 6.910421
BRL 5.5976
BSD 1.000046
BTN 83.997592
BWP 13.31631
BYN 3.272988
BYR 19600
BZD 2.015942
CAD 1.370965
CDF 2878.000376
CHF 0.860425
CLF 0.033824
CLP 933.29739
CNY 7.081599
CNH 7.087495
COP 4234.49
CRC 516.389107
CUC 1
CUP 26.5
CVE 101.249823
CZK 23.175703
DJF 177.71996
DKK 6.816801
DOP 60.394587
DZD 133.378727
EGP 48.500203
ERN 15
ETB 121.850204
EUR 0.91397
FJD 2.227196
FKP 0.761559
GBP 0.765095
GEL 2.719994
GGP 0.761559
GHS 15.929993
GIP 0.761559
GMD 68.497688
GNF 8633.497004
GTQ 7.734892
GYD 209.219826
HKD 7.772255
HNL 25.000135
HRK 6.799011
HTG 131.860715
HUF 364.809742
IDR 15725.75
ILS 3.76688
IMP 0.761559
INR 83.93095
IQD 1310
IRR 42087.499508
ISK 135.729887
JEP 0.761559
JMD 158.025299
JOD 0.708698
JPY 149.104496
KES 129.000118
KGS 85.202126
KHR 4070.000304
KMF 449.950099
KPW 899.999433
KRW 1349.550377
KWD 0.30662
KYD 0.833341
KZT 490.396366
LAK 22079.999771
LBP 89600.000133
LKR 292.930951
LRD 192.999983
LSL 17.849745
LTL 2.95274
LVL 0.60489
LYD 4.790203
MAD 9.8345
MDL 17.625279
MGA 4575.000227
MKD 56.240004
MMK 3247.960992
MNT 3397.999955
MOP 8.008865
MRU 39.750249
MUR 46.020036
MVR 15.355027
MWK 1736.000518
MXN 19.47056
MYR 4.293498
MZN 63.714982
NAD 17.849819
NGN 1620.502977
NIO 36.779615
NOK 10.77757
NPR 134.396148
NZD 1.64833
OMR 0.384978
PAB 1.000128
PEN 3.742501
PGK 3.97305
PHP 57.085501
PKR 277.624995
PLN 3.928395
PYG 7795.99803
QAR 3.64075
RON 4.546704
RSD 106.965994
RUB 97.000503
RWF 1335
SAR 3.754936
SBD 8.299327
SCR 13.439565
SDG 601.498309
SEK 10.392865
SGD 1.30724
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 570.999881
SRD 31.794042
STD 20697.981008
SVC 8.750809
SYP 2512.529936
SZL 17.560206
THB 33.5365
TJS 10.665268
TMT 3.51
TND 3.07125
TOP 2.342101
TRY 34.260598
TTD 6.780001
TWD 32.243028
TZS 2724.999973
UAH 41.191004
UGX 3675.464677
UYU 41.177597
UZS 12800.000252
VEF 3622552.534434
VES 37.482646
VND 24835
VUV 118.722009
WST 2.797463
XAF 598.249822
XAG 0.032792
XAU 0.000384
XCD 2.70255
XDR 0.744031
XOF 595.503721
XPF 110.550107
YER 250.375039
ZAR 17.63586
ZMK 9001.198816
ZMW 26.427777
ZWL 321.999592
  • RBGPF

    -1.4700

    59.33

    -2.48%

  • RELX

    0.0700

    46.71

    +0.15%

  • SCS

    0.2500

    13.03

    +1.92%

  • VOD

    0.0700

    9.73

    +0.72%

  • AZN

    0.6350

    77.505

    +0.82%

  • CMSC

    -0.1200

    24.52

    -0.49%

  • RYCEF

    -0.0700

    6.9

    -1.01%

  • NGG

    -0.2700

    65.63

    -0.41%

  • GSK

    2.2200

    40.24

    +5.52%

  • BTI

    0.2600

    35.48

    +0.73%

  • RIO

    -0.3100

    66.35

    -0.47%

  • BCC

    0.3700

    142.39

    +0.26%

  • BCE

    -0.2000

    33.31

    -0.6%

  • CMSD

    -0.1715

    24.68

    -0.69%

  • BP

    -0.0500

    31.98

    -0.16%

  • JRI

    0.0600

    13.22

    +0.45%

Argentina MPs back Milei's veto of university funding
Argentina MPs back Milei's veto of university funding / Photo: © AFP

Argentina MPs back Milei's veto of university funding

Argentine lawmakers on Wednesday upheld President Javier Milei's veto of funding increases for public universities, handing him a key victory in his months-long standoff with teachers and students.

Text size:

Milei last week vetoed a law approved by the Senate that envisaged regular funding increases for public universities, whose budgets have been slashed by the libertarian president.

The law also provided for university teachers and other staff to receive pay increases to offset the effects of perennially high inflation, which stood at 236 percent in August.

Members of the lower house of Congress ratified the veto by a narrow margin, even though hundreds of thousands of Argentines took to the streets over the past six months in support of the country's cherished fee-free public universities.

Wednesday's vote marks the second major win in a month for self-described "anarcho-capitalist" President Milei, who came to power in December vowing to take a chainsaw to public spending.

Lawmakers on September 11 had already ratified his veto of an increase in pensions.

Unions representing teachers and non-teaching staff at the University of Buenos Aires (UBA) announced they would go on strike Thursday over the "shameful" vote by Congress members, which they said "put the future of a whole country on the line".

Tensions ran high outside Congress, where hundreds of demonstrators, including students and pensioners, staged a protest under a heavy police presence.

"You can't veto our future," read a placard held by one of the demonstrators.

"Education means a lot to me. It means equality of opportunity," Camila Flores, a 20-year-old psychology student at UBA, which has produced five Nobel laureates, told AFP.

The opposition needed a two-thirds majority of members of both houses of Congress to reject Milei's veto but fell short by six votes in the lower Chamber of Deputies.

- 'Waking a sleeping giant' -

Around 80 percent of all Argentines who attend higher-level education enroll in the public university system, which Milei has criticised as a hotbed of Socialist indoctrination.

Opposition senator Martin Lousteau accused Congress after the vote of "turning its back on a society that, across the country, has made it clear it is in favour of public university education."

"They have awakened a sleeping giant," Ilana Yablonovsky, a 27-year-old literature student who has joined a sit-in at UBA's philosophy and literature faculty, told AFP.

"This is not the end, it is the beginning," she vowed.

Milei is on a mission to erase Argentina's budget deficit.

The government's draft 2025 budget proposes giving universities half of what they say they need to operate.

On Tuesday, the Ministry of Human Capital attempted to appease the universities, announcing a 6.8 percent increase in teachers' salaries.

Teachers' unions rejected the raise as insufficient.

Milei's dose of shock therapy for Argentina's long-ailing economy has had mixed results.

While inflation and the budget deficit have fallen, his tough austerity measures have been blamed for a dramatic increase in poverty levels.

W.Knight--TFWP