Argentine President Javier Milei speaks after learning the results of the legislative elections at a campaign center in La Plata, Buenos Aires, Argentina, 07 September 2025. Milei acknowledged that his La Libertad Avanza (LLA) party has suffered a 'clear defeat' that 'must be accepted,' and promised to do everything possible to reverse these results, following the significant victory of Peronism in the Buenos Aires province elections. EPA/Juan Ignacio Roncoroni The legislation aimed to increase and restructure the budgets of public universities.
"The promotion of a measure like this one, which disproportionately increases public spending without sufficient resources to cover it, creates a fiscal imbalance that threatens macroeconomic stability," the official gazette stated.
The law would cost the state 1.069 trillion Argentine pesos ($750 million), it added.
(Reporting by Eliana Raszewski, Writing by Natalia Siniawski; Editing by Himani Sarkar and Muralikumar Anantharaman)