Argentine President Milei Boasts Government Budget Surplus


BUENOS AIRES, ARGENTINA - MARCH 1: President of Argentina Javier Milei gestures to lawmakers during the opening session of the Argentine Congress for the period 2024 on March 1, 2024 in Buenos Aires, Argentina. (Photo by Tomas Cuesta/Getty Images)
President of Argentina Javier Milei gestures to lawmakers during the opening session of the Argentine Congress for the period 2024 on March 1, 2024 in Buenos Aires, Argentina. (Photo by Tomas Cuesta/Getty Images)

OAN’s Nathaniel Mannor
4:44 PM – Tuesday, April 23, 2024

Argentine President Javier Milei has announced the government’s first budget surplus in 16 years.

Advertisement

During a meeting with senior government officials on Tuesday, Milei celebrated his financial surplus of 275 million pesos in the first quarter since he took office.

Milei notably campaigned on slashing government spending to tame the nation’s 160% inflation rate.

He said this is what caused 60% of Argentina’s citizens to fall into poverty.

Milei also promised to deliver massive tax cuts during his administration.

“To us, inflation is a robbery and the fiscal deficit is the cause of inflation,” Milei said. “Therefore, the zero deficit is not only a marketing slogan to this government but an order. This means each extra peso, far from increasing public expenditure, the national state will give it back to Argentines through tax cuts. Therefore, don’t expect any public spending. The era of an alleged present state is over.”

According to Statista, over half of baby boomers and gen x respondents either approved or strongly approved of Milei’s performance in office.

Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. https://www.oann.com/alerts

Share this post!





Source link