Argentine President Plans Major Government Cutbacks

Zoran Kovačević
1 min read

News Content

Argentine President Javier Milei has announced plans to fire 70,000 government workers, freeze public works, cut off funding to provincial governments, and terminate social welfare plans. These actions are part of Milei's strategy to achieve fiscal balance, showcasing a chainsaw-style approach to slashing the swollen state. Milei emphasized his intent to reach fiscal balance at any cost, signaling a significant shift in government policies. These changes reflect an assertive austerity approach aimed at addressing economic challenges in Argentina. The scale and speed of these measures indicate a bold and unconventional approach to economic policy, potentially sparking widespread debate and reactions within the country.

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