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Results showed that Milei received almost 56% against 44% of his rival, Economy Minister of Economy Sergio Massa. Massa's performance was not helped by the country's worst economic crisis in two decades. country's worst economic crisis in two decades, when he was in charge of the ministry .
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"Tonight the reconstruction of Argentina begins. Tonight is a historic night for Argentina," Milei said.
Milei promises economic shock therapy. His plans include closing the Central Bank, abandoning the peso, and cutting spending, potentially painful reforms that resonated with voters angry about by economic instability.
Massa conceded defeat in a speech to supporters in Buenos Aires.
"I have contacted Javier Millais to congratulate him. Starting tomorrow he will be responsible for ensuring certainty in the country," he he said.
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