Post by Ozarks Tom on Apr 2, 2024 0:48:05 GMT
Argentina is making a historic turn-around from its decades of corruption and graft, but no media in this country is covering it. President Javier Milei in just a little over two months has put the country into the black, and although the inflation rate is still climbing, drastically reducing it will be the next logical step in an economy that's not wasteful.
Why aren't we hearing about their astounding change? Well, it would reflect poorly on this country's history of ever increasing government spending on useless agencies and "non-essential" workers of course.
The Economy Ministry announced the figures Friday, and the government was $589 million in the black.
Argentina’s surplus comes on the heels of ambitious cuts in federal spending pushed by newly-elected President Javier Milei that included slashing bureaucracy, eliminating government publicity campaigns, reducing transportation subsidies, pausing all monetary transfers to local governments, and devaluing the peso.
Argentina’s surplus comes on the heels of ambitious cuts in federal spending pushed by newly-elected President Javier Milei that included slashing bureaucracy, eliminating government publicity campaigns, reducing transportation subsidies, pausing all monetary transfers to local governments, and devaluing the peso.
