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Public Trust in Milei Government Drops to 1.99 in May

Falling confidence creates mounting reputational and political risk for the administration ahead of the 2027 electoral cycle.

Overview

  • The Universidad Torcuato Di Tella's Índice de Confianza en el Gobierno (ICG) stood at 1.99 points for May, a 1.6% decline from April that continues a multi-month slide.
  • The UTDT survey, reported Monday, May 25, was based on 1,000 interviews in 39 localities conducted May 4–19 and shows a 19.2% cumulative drop since December 2025.
  • Perceptions of the government's capacity to solve problems plunged to a management low (down 5.6% to 2.36), while concern for the public interest and perceived honesty also fell.
  • Trust is sharply divided by outlook, age, gender and region with women and 30–49 year‑olds showing the biggest losses, the Gran Buenos Aires posting the weakest support, and respondents who expect the economy to improve reporting an ICG of 4.17 versus 0.37 for pessimists.
  • Commentators link the slide in honesty and capacity to corruption allegations such as the Adorni case and to internal tensions, a dynamic that analysts say heightens political risk and could affect macro stability ahead of the IMF‑sensitive 2027 campaign; the report also notes Milei's 30‑month level is similar to Mauricio Macri's and below Néstor Kirchner's at the same stage.