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. The crisis-prone South American nation posted a quarterly fiscal surplus of 0.2% of gross domestic product to start the year, as well as a third consecutive monthly surplus in March. Argentina achieved its rare surplus by slashing three quarters of transfers to provincial governments and halting nearly 90% of public works. Milei has devalued the currency by more than 50%, halved the number of government ministries, removed hundreds of price controls, and started to cut generous energy and transport subsidies.

#Argentina #BudgetSurplus #FiscalPolicy

https://www.bloomberg.com/news/articles/2024-04-23/milei-trumpets-quarterly-budget-surplus-in-argentina-tv-address