Published 10 days ago

Milei 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.

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Globo

Argentina has a financial surplus of 0.2% of GDP in the first quarter, the first since 2008

In a 16-minute speech on the national TV chain, Milei commemorates the result of public accounts Argentina registered a public account surplus of over 275 billion pesos in March, worth 315.4 million dollars. The data was released this second night by the country's Ministry of Economy. This is the first time since 2008 that the country has recorded three consecutive months of financial surplus. Marcos Mendes: 'The economic team has zero tools to …

10 days ago·Brazil

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The Straits Times

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.

10 days ago·Singapore

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Financial Post

Milei Trumpets Quarterly Budget Surplus in Argentina TV Address

(Bloomberg) — President Javier Milei announced Argentina’s first quarterly fiscal surplus since 2008 during a televised speech, promising his commitment to eliminating deficits wouldn’t waver throughout his term.

11 days ago·Canada

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WION

Argentina celebrates its first quarterly budget surplus, President Milei promises continued fiscal discipline

Argentina’s President Javier Milei in a televised address from the presidential palace in Buenos Aires, announced the country’s first quarterly fiscal surplus since 2008, Bloomberg News reported. While economic challenges continue, Milei said that he would continue to maintain fiscal discipline, saying that the surplus marks a crucial moment in Argentina's pursuit of prosperity.

11 days ago·Noida, India

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Bloomberg

Milei Trumpets Quarterly Budget Surplus in Argentina TV Address

President Javier Milei announced Argentina’s first quarterly fiscal surplus since 2008 during a televised speech, promising his commitment to eliminating deficits wouldn’t waver throughout his term.

11 days ago·United States

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Noticias ao Minuto

Argentina registers its first ever surplus in 16 years.

The ultra-liberal head of state announced on Monday that the Argentine public sector had recorded a financial result (including the payment of foreign debt arrears) of 1.13 trillion pesos ($1.22 billion). Without debt payments, Argentina's surplus in public accounts would have reached 3.8 trillion pesos ($3.9 billion), 0.6 percent of GDP between January and March. Milei reported the results of the public accounts, which is usually done through a…

10 days ago·Portugal

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