Defying protesters, Argentinas Milei shoots down university funding plan | Business and Economy News [Video]

Argentina’s President Javier Milei has followed through on his threat to slash university funding, despite an uproar by students and educators.

Millei officially vetoed a law that would guarantee more funding to Argentina’s university system early on Thursday, according to the government gazette.

The law, which had been approved by Congress, would have granted funding increases to public universities to help offset inflation, which is at close to 240 percent year-on-year.

But Milei, a self-proclaimed anarcho-capitalist who has pledged to gut public spending and derided the country’s education system, called the plan “unjustified”.

He said he would strike down any proposal that “threatens the fiscal balance”.

Congress could still push through the university funding law with a two-thirds majority.

Millei’s veto flew in the face of mass student protests the day before, calling for more investment in the country’s much-lauded public universities, which are free to all.

Many of the …