Argentina

The economic situation in Argentina has been so prolonged that citizens are indecisive about which political party would best help the issue.

[discontent](https://bti-project.org/en/reports/country-report/ARG) in the past. Leading up to the previous election in 2019, almost [two thirds](https://www.pewresearch.org/fact-tank/2019/10/23/argentines-pessimistic-about-economy-political-system-leading-up-to-election/) of the population had reported dissatisfaction with the nation's democracy, which has been a common trend [since 1983](https://bti-project.org/en/reports/country-report/ARG). Some citizens are starting to believe that a familiar political force may be needed to solve this crisis, despite them being at the forefront of the current economic situation and instigators of [political tension](https://www.pewresearch.org/fact-tank/2019/10/23/argentines-pessimistic-about-economy-political-system-leading-up-to-election/). [25 percent](https://batimes.com.ar/news/amp/argentina/survey-almost-one-third-of-argentines-would-prefer-a-new-political-party-to-form-government-in-2023.phtml) of the population considering that President Fernández is seeking re-election. [90 percent](https://www.americasquarterly.org/article/why-argentinas-politics-are-surprisingly-stable/) of the votes. The presidency has also [withdrawn](https://www.cfr.org/backgrounder/argentina-south-american-power-struggles-stability) from a group of Latin American countries created to restore democracy in Venezuela, which hints at some international relation tensions within the administration. Some of the strength is due to the fact that Argentina has never allowed independent candidates, and there is a law that [mandates](https://www.americasquarterly.org/article/why-argentinas-politics-are-surprisingly-stable/) primary elections and encourages competition within coalitions. This is because the jobs of poor Argentinians typically do not have [automatic wage increases](https://www.nytimes.com/2022/08/06/business/inflation-argentina.html) to keep up with inflation, and they are unable to buy U.S. During this debt crisis, the government turned to the [central bank](https://www.investopedia.com/ask/answers/122214/how-does-monetary-policy-influence-inflation.asp) for financial assistance, leading to rapid inflation because of the increasing money in circulation and decreasing interest rate for borrowing. [US dollars](https://www.nytimes.com/2022/08/06/business/inflation-argentina.html). [third of the population](https://batimes.com.ar/news/amp/argentina/survey-almost-one-third-of-argentines-would-prefer-a-new-political-party-to-form-government-in-2023.phtml) support Frente de Todos (Everyone’s Front), a populist-leftist alliance, another third support Juntos por el Cambio (Together for Change), a liberal-conservative alliance, and the final third would prefer a candidate who does not belong to either coalition. Despite disagreeing about who should take office, the citizens seem to unanimously agree that the economic state of the country is the [number one concern](https://batimes.com.ar/news/amp/argentina/survey-almost-one-third-of-argentines-would-prefer-a-new-political-party-to-form-government-in-2023.phtml) for the upcoming election.