Tax & Spend
Milei’s Budget Cuts Nets Argentina First Surplus in Over a Decade
- Argentina delivered a fiscal surplus worth 0.3% of GDP in 2024
- Milei’s popularity hovers around 50% despite austerity
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President Javier Milei made good on his promise to deliver a fiscal surplus in his first year, achieving a feat not seen in over a decade in Argentina’s deficit-prone economy.
“Today’s fiscal result must be understood as a landmark in our history,” Economy Minister Luis Caputo posted on X. “There is no more deficit in Argentina.”