The president of Argentina, Javier Milei in Congress on March 1, 2023. (Credit: Tomas Cuesta/Getty Images)

(CNN Spanish) ––

The president of Argentina, Javier Milei, inaugurated this Friday the 142nd period of ordinary sessions of the National Congress, and it was the first time he spoke before the Legislative Assembly.

  • Speech by Javier Milei at the opening of the Congress of Argentina

During the 70 minutes he dedicated to his presentation, Milei proposed a package of laws that he called "anti-caste" and a call for a great national agreement - which he called the May 25 Pact - which, if materialized, would mark a before and after in Argentine political history.

Furthermore, as is common in his public appearances, he referred to the inheritance received as “an orgy of public spending” and did not skimp on pointing out what he calls the political, union, business and media “caste.”

Following this line, he announced the closure of the state news agency, Télam, something that was part of his campaign promises.

The Pact of May 25

It is a call in which the president invites governors, former presidents and leaders of the main political parties, as announced in his speech.

It would take place on May 25, in the province of Córdoba, "for the signing of a new social contract that establishes the 10 principles of the new Argentine economic order." The date coincides with the commemoration of May 25, one of the holidays homelands of the country, which dates back to the May Revolution in 1810.

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Point by point, Milei's pact in his words

1. The inviolability of private property;

2. The non-negotiable fiscal balance;

3. The reduction of public spending to historical levels, around 25% of the Gross Domestic Product;

4. A tax reform that reduces tax pressure, simplifies the lives of Argentines and promotes commerce;

5. The rediscussion of federal tax sharing to end forever the “current extortionate model”;

6. A commitment by the provinces to advance the exploitation of the country's natural resources;

7. A modern labor reform that promotes formal work;

8. A pension reform that gives sustainability to the system, respects those who contributed and allows those who prefer to subscribe to a private retirement system;

9. A structural political reform that modifies the current system and realigns the interests of the representatives and the represented, and

10. Opening to international trade, so that Argentina once again becomes a protagonist in the global market.

The package of “anti-caste” laws

After the fall of the so-called "omnibus law", a megaproject with which he sought to reform or annul multiple laws, which the Executive withdrew after facing opposition in Congress, the president will present another ambitious package that, as he announced, aims to combat privileges of the caste.

This is a term that Milei introduced into the public debate in Argentina to disqualify politicians and organizations such as unions and other traditional institutions in the country.

Point by point, what does the “anti-caste” package propose?

Elimination of privileged retirements for the president and vice president of the Nation.

Elections of union authorities: there will be periodic, free elections supervised by the Electoral Justice.

The terms will be for a maximum of 4 years and with only one re-election.

Labor reform: free agreements between workers and employers will take precedence over collective agreements in the sector.

Corruption: people convicted of corruption in the second instance will not be able to run for national electoral positions.

In addition, former officials with a final conviction in the second instance for corruption will lose any benefit of having been an official.

Legislative advisors: "drastic" reduction of contracts for advisors to deputies and senators of the Nation.

Strike by state workers: the salary of state employees who are not going to work due to unemployment will be deducted.

Eliminate public financing of political parties: political parties must seek private financing from donors or their own affiliates.

Penalty for financing the fiscal deficit with monetary emission: penalize by law the president, Minister of Economy, officials of the Central Bank, deputies and senators who vote "to approve a budget that contemplates financing fiscal deficit with monetary emission."

CongressJavier Milei