Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > History for the Books: Javier Milei & Argentina’s Budget
Economy

History for the Books: Javier Milei & Argentina’s Budget

Last updated: January 21, 2025 5:11 pm
Share
History for the Books: Javier Milei & Argentina’s Budget
SHARE

In 2023, Javier Milei proposed a series of libertarian policies to reverse Argentina’s long-standing economic decline. Despite skepticism from many who believed it couldn’t be done, Milei managed to achieve a balanced budget for the country by the end of 2024, marking the first time in 16 years that Argentina had accomplished this feat.

Milei’s determination played a crucial role in this achievement. As an economist, he understood the importance of signaling to the international community that Argentina was serious about cutting back on its excessive spending, which had been fueling inflation for years. This determination, coupled with a unique institutional feature in Argentina that allowed for the extension of the previous year’s budget in the absence of a new one, enabled Milei to make significant cuts to public spending.

By not negotiating the budget bill in Congress, Milei was able to implement a 25% reduction in real spending, freezing public works, decreasing pensions, and laying off over 30,000 public employees. These austerity measures, while necessary to balance the budget, were met with social unrest and protests, particularly in the university sector.

The results of Milei’s efforts have been significant. By ending the deficit and demonstrating a commitment to fiscal responsibility, Argentina has seen a dramatic decrease in inflation, with the monthly rate dropping from 25% in December 2023 to less than 3% in December 2024. The stock market has responded positively to these developments, making Argentina’s stock index one of the best performers in the world in 2024.

Milei understands that maintaining a balanced budget is crucial for long-term stability and economic growth. He believes that the failures of past liberalization policies were due to excessive public spending, and he is determined to avoid repeating those mistakes. By successfully cutting spending without resorting to hyperinflation or defaulting on debt, Milei has made history in Argentina.

See also  National Black History Month, 2025 – The White House

It is rare for an Argentine president to prioritize spending cuts, but Milei’s bold actions have set a new precedent for fiscal responsibility in the country. His success in achieving a balanced budget in a single year, something that eluded even the previous administration of Mauricio Macri, demonstrates the effectiveness of his approach. Argentina needed a drastic overhaul of its fiscal policies, and Milei has delivered.

In conclusion, Javier Milei’s achievement of a balanced budget in Argentina is a significant milestone in the country’s economic history. His determination, coupled with strategic decision-making and bold actions, have set Argentina on a path towards stability and growth. As Milei continues to implement reforms and prioritize fiscal responsibility, the future looks promising for Argentina’s economy.

TAGGED:AMPArgentinasBooksbudgethistoryJavierMilei
Share This Article
Twitter Email Copy Link Print
Previous Article US throws out policies limiting arrests of migrants at sensitive locations like schools, churches US throws out policies limiting arrests of migrants at sensitive locations like schools, churches
Next Article Barcelona star Raphinha fires back after ‘insults’ in crazy 5-4 win at Benfica in Champions League Barcelona star Raphinha fires back after ‘insults’ in crazy 5-4 win at Benfica in Champions League
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Tottenham’s 1-0 friendly win over Arsenal shows how Thomas Frank is already making a big impact at Spurs

Tottenham emerged victorious in a lackluster North London derby against Arsenal in Hong Kong, with…

July 31, 2025

Best high-yield savings interest rates today, May 11, 2025 (best accounts offering 4.36% APY)

If you're looking to maximize your savings, it's crucial to stay informed about the latest…

May 12, 2025

What New Orleans Taught Me About Climate, Justice, and the Future 

Two decades ago, I arrived in New Orleans on a Greyhound bus, armed only with…

September 23, 2025

Skip the Plastic Wrap: 7 Food Wrap Alternatives

When it comes to food preservation, conventional food wraps have predominantly centered around petroleum-based products,…

September 30, 2025

Preference Falsification, Marginal Cost, and Cancel Culture

In my previous discussion on preference falsification, I posited that a culture fostering free speech…

September 19, 2025

You Might Also Like

Peter Schiff Describes Bitcoin’s Jump Over 6,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’
Economy

Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’

October 10, 2025
Veteran analyst drops sharp take on GTA 6 hype
Economy

Veteran analyst drops sharp take on GTA 6 hype

October 10, 2025
Nvidia’s Jensen Huang Says AI Demand Is Up ‘Substantially’ This Year, and Still Growing
Economy

Nvidia’s Jensen Huang Says AI Demand Is Up ‘Substantially’ This Year, and Still Growing

October 10, 2025
Gold, Silver, and U.S. Stocks Are All at Record Highs. What Gives?
Economy

Gold, Silver, and U.S. Stocks Are All at Record Highs. What Gives?

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?