Argentine President Javier Milei unveils 2025 budget with strict austerity to eliminate fiscal deficit, vowing to veto spending increases.
Argentine President Javier Milei unveiled his 2025 budget to Congress, prioritizing strict austerity to eliminate the fiscal deficit. He vowed to veto any spending increases proposed by opposition parties, who are advocating for higher salaries and pensions amid rising poverty. Despite achieving a rare fiscal surplus, Milei faces significant challenges in gaining Congressional approval for his budget. His goals include reducing inflation to 18% and achieving 5% economic growth by 2025.
September 16, 2024
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