Thursday, December 12, 2024

Argentina: Unburdened by the past

Argentina's Javier Milei Ends Deficit for the First Time In 123 Years


Argentina's fiscal deficit has been a persistent challenge for its economy, driven by structural inefficiencies, spending, and limited revenue generation. As a result, the government must borrow or print money to finance the gap, fueling sky-high inflation and undermining its economic stability. However, for the first time in 123 years, President Javier Milei ended the country’s deficit in just one year of his presidency. 


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