The Government Confidence Index (ICG), prepared by the Torcuato Di Tella University School of Government, declined in January but remained above the 2025 average. According to the Argentine News Agency, the ICG reached a value of 2.4 points - on a scale of 0 to 5 - and fell by 2.8% compared to December. Year-on-year, the indicator lost 8%. “The January level is above that observed at the same point in the two previous administrations,” noted the Di Tella report, detailing that it is 5.2% higher than January 2018 (Mauricio Macri administration; ICG = 2.28) and 55.3% higher than January 2022 (Alberto Fernández administration; ICG = 1.54). “After the practically imperceptible movement in December, when the ICG recorded a variation of -0.1% compared to November, the index shows a more marked decline in January, although still contained.” Thus, the ICG begins the year slightly below the Milei administration's average - set at 2.44 - but slightly above the average recorded during 2025 - set at 2.35. In this sense, although episodes of “more marked” variation were recorded throughout the administration, the index has “remained at relatively similar levels” in the last three months. All five components of the index recorded negative variations in January: Capacity: fell 1.7% to 2.84 points. Honesty: fell 3.6% to 2.69 points. Efficiency: fell 3.9% to 2.23 points. Governance: fell 2.6% to 2.22 points. Interest: fell 1.5% to 2.01 points. Differences in social groups President Javier Milei with the Cabinet. Photo: NA Agency / Networks: @OPRArgentina Gender: In line with what has been observed throughout the Milei administration, the ICG continues to be higher among men (2.52 points) than among women (2.27 points). Consequently, the gap between the two groups narrows for the second consecutive month, reaching 0.25 points. Age: The ICG maintains its highest level in the 18-29 age group - at 2.7 points - while the 30-49 age group continues to be the most lagging (2.17 points). In two of the three groups, negative variations are observed (18-29 and 30-49), while among those over 50, there is a slight increase (+0.8%), with the ICG reaching 2.52 points. Geographic area: The interior of the country continues to maintain the highest level (2.59 points), followed by the City of Buenos Aires (2.18 points) and the Greater Buenos Aires area (2.08 points). Educational level: Those with a tertiary/university education level show greater confidence (2.55 points), followed by those who completed secondary education (2.4 points) and those who reached primary education (1.59 points). Victims of crime: The ICG continues to be higher among those who say they have not been (or their families) victims of crimes in the last 12 months - with 2.58 points - than among those who have been - 1.8 points. The gap between the two groups stands at 0.78 points, below the 0.89 recorded in December. Economic prospects: In this aspect, the gap remains high: those who believe the economic situation will improve gave 4.14 points, compared to 0.35 points from those who foresee a worsening. In the middle are 2.56 points from those who believe the situation will remain the same. The survey was conducted between January 5 and 15, 2026, on a sample of 1,000 cases in 38 localities in the country.
