Milei Shelves Austerity Plan as Argentine Congress Debates Bill
- Bill will be stripped of fiscal chapter to appease lawmakers
- Economy Minister Caputo said budget would still be balanced
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Argentine President Javier Milei ditched the main austerity measures in his sweeping reform bill in order to get it through congress, implying deeper spending cuts in the future, Economy Minister Luis Caputo said Friday.
“We will give ourselves a little more time to figure out what we can do better for Argentines on the fiscal side without ever giving up on the concept of reaching our goal of zero deficit,” Caputo said at a press conference Friday evening from the presidential palace.