Argentine general election, 1999

Argentine general election, 1999

← 1995 October 24, 1999 2003 →
Nominee Fernando de la Rúa Eduardo Duhalde Domingo Cavallo Party Radical Civic Union Justicialist Party Action for the Republic Alliance Alliance for Work, Justice and Education Concertación para el cambio None Home state City of Buenos Aires Buenos Aires Córdoba Running mate Carlos Álvarez Ramón Ortega Armando Caro Figueroa States carried 20 + CABA 3 0 Popular vote 9,167,404 7,254,417 1,937,565 Percentage 48.4% 38.3% 10.2%
President before election Carlos Menem Justicialist Party Elected President Fernando de la Rúa Alliance for Work, Justice and Education

Carlos Menem
Justicialist Party

Fernando de la Rúa
Alliance for Work, Justice and Education

Argentina held presidential and parliamentary elections on 24 October 1999. Turnout was 82.2%, and the results were as follows:

Following these elections, the Argentine Chamber of Deputies was constituted as follows:

The Convertibility Plan, which had helped bring about stable prices and economic recovery and modernization, had endured the 1995 Mexican peso crisis, the 1997 Asian financial crisis, and other global shocks; but not without strain. Argentine business confidence struggled following these events and unemployment, already higher as a result of a wave of imports and sharp gains in productivity after 1990, had hovered around 15% since 1995. Economic problems also led to a sudden increase in crime, particularly property crime, and President Carlos Menem's unpopularity had left his Justicialist Party (whose populist Peronist platform he had largely abandoned) weakened.

Himself experienced with the burdens of an economy in crisis, former President and centrist UCR leader Raúl Alfonsín negotiated a big tent alliance with the center-left FrePaSo in 1996. Following the Alliance's success in 1997, the party geared for the 1999 elections by nominating Buenos Aires Mayor Fernando de la Rúa for president and Frepaso leader Carlos Chacho Álvarez as his running mate. De la Rúa and Álvarez were both veteran also-rans. A former Peronist who had broken ranks with his party following Menem's turn to the right in 1989, Álvarez remained the country's most prominent center-left figure following the Frepaso's defeat in 1995. He also provided a counterbalance to de la Rúa, a moderately conservative UCR figure who had himself (in 1973) been the running mate on a defeated UCR ticket.

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