Argentina's President Javier Milei cuts public spending, jobs, and subsidies in first 100 days, leading to budget surplus, poverty rise, and inflation drop.
Argentina's President Javier Milei, a libertarian leader, has slashed public spending in his first 100 days in office but faces social tensions and struggles to pass economic reforms. He cut the cabinet in half, reduced 50,000 public jobs, and ended fuel and transport subsidies, resulting in the country's first budget surplus in over a decade. However, poverty has risen, and inflation has dropped, causing concerns and societal issues.
March 18, 2024
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