2026/02/24 | Diego Ciongo & Soledad Castagna
According to the Universidad Torcuato Di Tella’s monthly survey, confidence in the government fell by 0.6% MoM to 47.6% in February. The index stands marginally below the Milei administration’s average, but still above Macri's and Alberto Fernández's after two years in office.
Mixed signals across all components. The "general evaluation of the government" fell by 1.8% MoM, while "concern for the general interest" fell by 1.0%. Moreover, the "ability to solve the country's problems" fell by 4.9%. On the other hand, the "efficiency in the management of public expenditure" rose by 2.7% and the "honesty of public officials" increased by 2.6%.
Our take: Support for the Milei administration remains high despite the slight drop. The labor reform bill's approval represents another victory for the government in Congress, following the Budget Law's approval at the end of 2025. Looking forward, the government will likely advance with its reform agenda, likely with tax reform, and then, more ambitiously, social security reform, among others. The next Government Confidence Index is scheduled for release on March 23.