IBOV 186,340.46 ▲ 1.37% IPSA 10,969.49 ▼ 0.78% IPC MEX 64,951.10 ▼ 0.24% MERVAL 2,819,323 ▲ 1.32% COLCAP 2,549.16 ▼ 0.38% BVL PERÚ 60,410.88 ▼ 0.96% USD/BRL5.16▼ 0.23% USD/MXN18.08▲ 0.05% USD/CLP972.03▼ 0.10% USD/COP3,293▼ 1.23% USD/PEN3.45▲ 0.46% USD/ARS1,525▼ 0.03% USD/UYU40.24▲ 3.55% USD/PYG5,817▲ 2.25% USD/BOB11.97▲ 0.66% USD/DOP59.50▲ 0.51% USD/CRC454.26▲ 3.19% USD/GTQ7.64▲ 3.18% USD/HNL26.86▲ 0.43% USD/NIO36.62▲ 2.66% USD/VES858.02— 0.00% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72▲ 2.14% EUR/BRL5.85▼ 0.79% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 186,340.46 ▲ 1.37% IPSA 10,969.49 ▼ 0.78% IPC MEX 64,951.10 ▼ 0.24% MERVAL 2,819,323 ▲ 1.32% COLCAP 2,549.16 ▼ 0.38% BVL PERÚ 60,410.88 ▼ 0.96% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Thursday, October 1, 2026

Argentina State Jobs Fall by 72,440 Under Milei, INDEC Data Show

By · October 1, 2026 · 5 min read

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ARGENTINA · ECONOMY

Key Facts

  • —The cut The national government and its companies employed 269,025 people in August 2026, down from 341,465 in December 2023 (INDEC, 30 September 2026).
  • —In percent That is 72,440 fewer jobs, or about 21%, since President Javier Milei took office.
  • —Latest month August 2026 brought 1,446 fewer jobs than July, a fall of 0.5%; the yearly fall was 5.8%.
  • —The pace The cuts are slowing: about 39,600 jobs went in 2024, about 21,700 in 2025 and about 11,100 from January to August 2026.
  • —Biggest cuts Central ministries lost 17,248 posts; the state post office lost 5,604 and the state train operator 4,352.

Argentina state jobs have fallen by about a fifth since December 2023, but the pace of cuts has slowed sharply in 2026.

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Argentina state jobs - Pedestrians walking past the pink facade of the Casa Rosada in Buenos Aires
Pedestrians walk past the Casa Rosada in Buenos Aires, seat of the national government, whose payroll fell by 72,440 posts since December 2023. Photo: "Casa Rosada, Buenos Aires - 1" by Sombra Inquieta, via Wikimedia Commons, CC BY-SA 4.0.
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Argentina’s national government and its state companies employed 269,025 people in August 2026, 72,440 fewer than in December 2023. The figures come from INDEC, the national statistics institute, which published its monthly staffing report on 30 September.

What the INDEC data show

The total fell from 341,465 in December 2023, the month President Javier Milei took office, to 269,025 in August 2026. That is a cut of about 21% in under three years.

In August alone the payroll shrank by 1,446 people, or 0.5%, compared with July. Compared with August 2025, it was 5.8% smaller.

The report covers the national public administration and companies owned by the national state. It does not count people who work for Argentina’s 23 provinces, the city of Buenos Aires or local councils.

Where the jobs went

The central administration, meaning the ministries themselves, lost the most: 17,248 posts, down to 37,543. That is almost a third of its December 2023 staff.

Among single bodies, Correo Argentino, the state postal service, cut 5,604 jobs, to 11,252. Operadora Ferroviaria, which runs the national commuter trains, cut 4,352, to 19,460.

ARCA, the national tax and customs agency, lost 3,392 posts. ANSES, the social security agency that pays pensions, lost 2,985.

CONICET, the national science research council, lost 2,863 posts. Banco Nación, the largest state bank, lost 2,264, and the state airline Aerolíneas Argentinas lost 1,947.

State companies as a group went from 110,160 workers to 87,145. In August their payroll fell by 158 people.

Argentina state jobs - The Libertador Building, home of Argentina's Defence Ministry, behind a sailing ship moored in Puerto Madero, Buenos Aires
The Libertador Building, home of Argentina’s Defence Ministry, seen across the water in Puerto Madero, Buenos Aires. Photo: Fulviusbsas, Public domain via Wikimedia Commons

The long view: a payroll that had not moved

Before Milei, the national payroll had been flat for years. It stood at 341,067 in December 2022 and 341,465 a year later, according to the INDEC series.

Decentralised agencies, which run their own budgets, shrank from 136,529 workers to 109,988. They include ANSES, the tax agency and CONICET.

PAMI, the health insurer for retired people, went from 14,253 staff to 12,687. It belongs to the group of “other bodies”, which shrank by 2.9% in August alone.

From July 2022 to November 2023, the total stayed between about 339,000 and 343,400. The INDEC series does not go further back.

Why the government is cutting

Milei, an economist who calls himself a libertarian, won the 2023 election promising to take a chainsaw to public spending. A smaller state payroll is part of his plan to balance the budget.

Federico Sturzenegger, the minister for deregulation and state transformation, reacted on social media after the release. “We keep lowering spending so we can keep lowering taxes,” he wrote, El Litoral reported.

In November 2025 El Litoral reported that the government planned to cut about 10% of state staff, close to 28,000 posts. It said the cuts would come from contracts not renewed and voluntary retirement plans.

Argentina state jobs - Office towers and a marina in Puerto Madero, the business district of Buenos Aires
Office towers in Puerto Madero, the business district of Buenos Aires. Photo: Alejandro from Mexico City, CC BY 2.0, Wikimedia Commons.

A slower pace in 2026

The steepest cuts came early. About 39,600 jobs went during 2024, and about 21,700 more in 2025, according to the INDEC series.

From January to August 2026 the payroll shrank by about 11,100. That is well short of the 28,000 cut the government was reported to be planning.

In each month of 2026 the payroll fell by between 0.25% and 0.7%. There was no month this year without a fall.

What it means for people and investors

For investors, the cuts are part of the spending restraint the government says makes tax cuts possible. For the families affected, a lost state post means looking for work in the private sector.

That search is not easy: Argentina’s jobless rate rose to 7.9% in the second quarter of 2026, INDEC reported in September. It was the highest rate since 2021.

Foreign residents deal most with one body in the count: Migraciones, the national immigration office. Its staff fell from 4,154 in December 2023 to 3,841 in August 2026.

What the figures do not show

The INDEC report counts posts, not people who were dismissed. How many left through retirement, voluntary exit or contracts that ended is not stated in the report.

Some bodies send their numbers late, so INDEC estimates them and revises later. In July, estimated figures made up 5.2% of the total.

INDEC publishes these figures every month, about four weeks after the month ends. The September figures will show whether the slower pace of 2026 holds.

Frequently Asked Questions

How many state jobs has Argentina cut under Milei?

INDEC data show 72,440 fewer jobs in the national government and state companies between December 2023 and August 2026. The total fell from 341,465 to 269,025.

Does the figure include provincial and city workers?

No. The INDEC report covers only the national public administration and companies owned by the national state. Staff of the provinces, the city of Buenos Aires and local councils are not counted.

Are the cuts speeding up or slowing down?

They are slowing. About 39,600 jobs went in 2024 and about 21,700 in 2025, but only about 11,100 from January to August 2026.

Sources: El Litoral · El Litoral (November 2025) · INDEC, staffing series to August 2026 · INDEC, staffing report July 2026

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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