Milei Trumpets Quarterly Budget Surplus in Argentina TV Address

  • Crisis-prone nation starts year in the black by 0.2% of GDP
  • ‘We are making possible the impossible,’ president says
Javier Milei speaks at the World Economic Forum in Davos, Switzerland on Jan. 17.Photographer: Hollie Adams/Bloomberg
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President Javier Milei announced Argentina’s first quarterly fiscal surplus since 2008 during a televised speech, promising his commitment to eliminating deficits wouldn’t waver throughout his term.

“The fiscal surplus is the cornerstone from which we are building a new era of prosperity in Argentina,” Milei said Monday night, flanked by his economic team at the presidential palace in Buenos Aires. “We are making possible the impossible even with the majority of politics, unions, the media and most economic actors against us.”