Argentina's president, Javier Milei, earns a gross salary of 4,066,018 pesos a month, frozen since he took office in December 2023. That was reported by BAE Negocios on August 13, 2026, when Milei himself highlighted that he is the lowest-paid president in the world. At the October 15, 2026 exchange rate, it is worth about US$ 2,685.
The salaries of the president and vice president
| Position | Gross monthly salary (pesos) | Approx. in dollars |
|---|---|---|
| President, Javier Milei | 4,066,018 | US$ 2,685 |
| Vice president, Victoria Villarruel | 3,764,820.82 | US$ 2,486 |
Both salaries have been unchanged since December 2023. Between January 2024 and September 2026 prices rose more than 250%, according to INDEC, so in real terms the presidential salary has lost more than two-thirds of its purchasing power. Price trends are in inflation in Argentina year by year.
How many minimum wages the president earns
| Comparison | Monthly amount (pesos) | Times the minimum wage |
|---|---|---|
| Minimum wage (October 2026) | 391,200 | 1 |
| President's gross salary | 4,066,018 | 10.4 |
The October 2026 minimum wage comes from Resolution 4/2026 of the Wage Council, which raises it in steps to 437,000 pesos in April 2027, according to El Cronista.
What other presidents earn
BAE Negocios published this comparison with the monthly salaries of other heads of state, in dollars:
| President or head of government | Approx. monthly salary |
|---|---|
| Donald Trump (United States) | US$ 33,333 |
| Friedrich Merz (Germany) | US$ 31,500 |
| Mark Carney (Canada) | US$ 25,000 |
| Emmanuel Macron (France) | US$ 18,400 |
| Yamandú Orsi (Uruguay) | US$ 11,000 to 12,000 |
| Presidency of Peru | US$ 10,000 |
| Lula da Silva (Brazil) | US$ 9,000 |
| Javier Milei (Argentina) | US$ 2,685 |
The amounts for other countries are approximate and depend on exchange rates. In Chile, the presidential salary is about 11 million Chilean pesos gross, as we detail in how much the president of Chile earns.
Why the salary has not risen
- Political decision: Milei kept his salary frozen as part of his fiscal austerity message.
- The president's salary is a ceiling: in public administration, several positions are set with reference to the presidential salary.
- There were proposals for a rise: in late 2025 a pay-rise decree for the executive was reported, but in August 2026 the president said he had not raised his salary.
- Year-end bonus: like any employee, the president receives half a bonus in June and another in December.
What he will receive after leaving office
Former presidents of Argentina are entitled to a lifetime monthly allowance, set by Law 24,018.
Frequently asked questions
How much does Javier Milei earn?
4,066,018 pesos gross a month, about US$ 2,685 at the October 2026 exchange rate.
Since when has the president's salary been frozen?
Since December 2023, when he took office.
How much does Vice President Victoria Villarruel earn?
3,764,820.82 pesos gross a month.
How many minimum wages does the president earn?
10.4 times the October 2026 minimum wage (391,200 pesos).
