Milei announces Argentina's first budget surplus in 16 years

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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.

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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.

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Argentina’s Javier Milei announces nation's first budget surplus in 16 years

Milei won elections in 2023 vowing to reduce the Argentina's budget deficit to zero. Read more at straitstimes.com.

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Argentina registers first public surplus since 2008, $300,000 in first quarter, Javier Milei announces

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.

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Milei announces first budget surplus in Argentina since 2008

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.

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Winning: Javier Milei Announces Argentina's First GDP Surplus Since 2008