The Government Confidence Index (ICG) in Argentina, as reported by the Universidad Torcuato Di Tella, fell to 2.38 points in February, marking a 0.6% decrease from January. This decline extends a trend that began in November, with the index experiencing a significant rebound following the national legislative elections. This rebound was short-lived, as the index had previously reached its lowest levels between August and October amidst corruption scandals involving the National Disability Agency.

Since November, when the index peaked at 2.47, the values have gradually decreased to 2.46 in December and 2.4 in January, reflecting a steady erosion of public trust in the government. The ICG had previously indicated a recovery in confidence after the legislative elections, which was the strongest growth in the government's management at 17.5%. However, this recent trend suggests that the initial positive response from the electorate may have been ephemeral.

The continued decline in the ICG could have significant implications for the Argentine government, especially as it prepares for upcoming political challenges. The ongoing perception of corruption and public dissatisfaction may shape the political landscape, potentially affecting policy-making and electoral strategies in the future. Maintaining or rebuilding public trust will be a critical task for the government to navigate the current political climate successfully.