Argentina's President Javier Milei implemented shock therapy measures, devaluing the peso, cutting state fuel subsidies, halving government ministries, resulting in a surplus since 2012 in Q1.

In his first six months as Argentina's president, Javier Milei implemented shock therapy measures including devaluing the peso by 50%, cutting state fuel subsidies, and halving government ministries. These actions resulted in a surplus of 264.9bn pesos in April, marking the first surplus since 2012 in January, February, and March. However, the long-term economic impact remains to be seen.