Wednesday, February 21, 2024

Javier Milei Delivers Argentina's First Budget Surplus In Over A Decade

Argentinian President Javier Milei's figurative chainsawing of the government bureaucracy appears to be paying off - and he is only about two months into his presidency.

The country reported its first monthly budget surplus in almost 12 years, signaling a seismic shift in policy under Milei's administration.

The government of Argentina has posted its first monthly budget surplus in more than a decade - a major milestone for the new libertarian president, Javier Milei.

Milei's tenure has already been characterized by bold, sweeping reforms intended to shrink the size of the government and allow for more freedom in Argentina's economy.

Shortly after taking the reins, Milei began slashing government agencies, especially those intended for useless programs intended to push a decidedly leftist agenda.

In November, Argentina reached 183 percent inflation for 2023, impoverishing around 40 percent of the country, a reality that helped sweep Milei into power.

Milei has already done away with most of the government's various ministries. 

https://redstate.com/jeffc/2024/02/20/javier-milei-delivers-argentinas-first-budget-surplus-in-over-a-decade-n2170401

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