9.5 weeks into Milei’s presidency, Argentina sees first monthly budget surplus in 12 years
9.5 weeks into Milei’s presidency, Argentina is seeing its first monthly budget surplus in 12 years. This news has sparked polarizing opinions and heated debates, with some hailing it as a significant achievement and others viewing it as a short-term gain with potentially damaging long-term repercussions. The path to this budget surplus was not an easy one, as it involved stringent cuts in public expenditure, leading to a significant reduction in government spending and a massive increase in tax revenues.
The idea of achieving a budget surplus by simply cutting expenses is not a new concept. It’s akin to someone selling every possession they own, including their home, only to realize they now have a surplus of cash in hand.… Continue reading
John Q. Hosedrinker