Argentina's Milei touts rare government surplus, argues 'shock' therapy is working streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Argentina's libertarian President Javier Milei is revving up his attack on the country's deep fiscal deficit, doubling down on "chainsaw" spending cuts and "blender" austerity that squeezes purchasing power - and he hopes brings down rampant inflation. The embattled country, facing drained central bank reserves and annual inflation nearing 300%, posted a third straight monthly fiscal surplus in March, a reflection of Milei's laser focus on cost-cutting since taking office in mid-December. "Zero deficit isn't just a marketing slogan for this government, it is a commandment," Milei said in a speech on Monday night, touting a rare first-quarter surplus that he said was last achieved in 2008.
BUENOS AIRES, April 23 - Argentina s libertarian President Javier Milei is revving up
his attack on the country s deep fiscal deficit, doubling down
on. -April 23, 2024 at 01:22 pm EDT
- MarketScreener
Hundreds of thousands of Argentines took to the streets of Buenos Aires on Tuesday in an anti-government march against budget cuts to public universities, the biggest protest yet against President Javier Milei's painful austerity measures. The demonstrations are the latest example of rising tension over spending cuts that are helping undo a deep fiscal deficit but causing hardship in the real economy. In the union-backed marches in the capital and beyond, banners were held aloft in the southern autumn sunshine reading "Defend the public universities," "Studying is a right," and "Up with the budget, down with Milei's plan."
Argentina's Milei Faces Biggest Protest Yet as Students March Over Budget Cuts usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.