Javier Milei’s fixed four-year term, ending in December 2027, underpins trader expectations that he will complete his mandate. His La Libertad Avanza party strengthened its congressional position in the 2025 midterms, securing additional seats that facilitate veto power and incremental reforms despite lacking an outright majority. Economic stabilization—marked by a fiscal surplus and sharply lower inflation from prior hyperinflation levels—has sustained core support, even as approval ratings fell to the mid-30s amid persistent purchasing-power pressures and isolated corruption allegations. Argentina’s constitutional framework offers no recall mechanism, and opposition parties remain fragmented without the votes or momentum for successful impeachment proceedings. Late-term shifts could still emerge from acute economic reversals, major scandals requiring supermajorities, or health events, though none currently register as probable catalysts.