US EditionMilei announces Argentina's first budget surplus in 16 years
- Argentina's President Javier Milei announced the country's first quarterly fiscal surplus since 2008 at the presidential palace in Buenos Aires, according to Bloomberg News.
- In the first quarter of 2024, Argentina reported a budget surplus of about 275 billion pesos, stated Milei on national TV, surpassing left-wing rival Cristina Kirchner's term.
- Milei, elected in November, aims to eliminate the deficit entirely, exceeding the goals set by the IMF's $44 billion loan agreement with Argentina.
28 Articles
28 Articles
Milei announces Argentina's first budget surplus in 16 years
BUENOS, Aires — Argentina’s spending-slashing new President Javier Milei has hailed his country’s first quarterly budget surplus since 2008 as a “historic achievement.” In the first quarter of 2024, the South American country recorded a budget surplus of about 275 billion pesos (some $309 million at the official rate), he told national TV late Monday.
CAPITALISM WORKS: Javier Milei’s Argentina Has First Quarter Budget Surplus in 16 Years - Libertarian Leader Says ‘Our Plan Is Working'
Economic improvements in a country’s economy are not magic, President Javier Milei told Argentines in a televised address where he had good and rare news to announce: his government is successfully taming reckless public spending, which resulted in a rare – and welcome – first quarter budget surplus.
Argentina has managed to register a budget surplus of 275 billion pesos ($300,000) in the first quarter of 2024, with new President Javier Milei expressing joy, citing a "historic achievement", the AFP reported.
The president declares this "a fact of historic proportions on a global scale" promising to reduce the budget deficit to zero, a far more ambitious goal than the IMF tax.
Winning: Javier Milei Announces Argentina's First GDP Surplus Since 2008
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