For the first time in 14 years, Argentina has reported a budget surplus under Javier Milei's administration, sparking a mix of reactions. While Economy Minister Luis Caputo celebrates this achievement as a 'landmark in our history,' critics argue that the surplus was achieved at the cost of vital social spending, potentially harming the nation's most vulnerable populations. The question looms: at what cost does this surplus come, and who pays the price?
Argentina Achieves Budget Surplus, Concerns Arise Over Social Spending Cuts
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Argentina has recorded its first budget surplus barely a year into Javier Milei’s presidency for the first time in 14 years. . “Today’s fiscal result must be understood as a landmark in our history,” Economy Minister Luis Caputo posted on X. “There is no more…
In a significant economic achievement, Argentina has recorded its first budget surplus in 14 years, a testament to President Javier Milei's robust fiscal policies. Economy Minister Luis Caputo hailed the surplus as a pivotal moment, underscoring the effectiveness of the government's commitment to reducing wasteful expenditure and promoting economic freedom. This milestone reflects the administration's success in instilling fiscal discipline, signaling a promising future for the Argentine economy.