All articles tagged with #fiscal balance
Argentine President Javier Milei plans to fire 70,000 government workers, freeze public works, cut off funding to provincial governments, and terminate social welfare plans in an effort to reach fiscal balance, showcasing his libertarian approach to slashing the state.
Argentine President Javier Milei plans to cut 70,000 government jobs, freeze public works, and terminate social welfare plans as part of his austerity measures to achieve fiscal balance. Despite facing pushback from labor unions and private sector wage losses, Milei remains committed to his strategy, citing optimism among Argentines about the economy's future. He also outlined plans for economic reforms and expressed confidence in a V-shaped economic recovery.
Argentina's new government, led by President Javier Milei, will announce its economic measures on Tuesday in response to the country's severe economic crisis, with inflation nearing 200%. Economy Minister Luis Caputo will make the announcements, emphasizing the need for fiscal balance and an end to excessive spending. The government recognizes the urgency of addressing inflation, which is a major concern for the people.