Argentina Sees First Budget Surplus Since 2008

Published on April 24, 2024

Newly elected President Javier Milei announced Argentina’s first quarterly budget surplus in 16 years, with the anti-socialist politician hailing the achievement. “Contrary to the forecasts made by most political leaders, professional economists, television, and pettifoggers, I would like to announce that the national public sector recorded a financial surplus of more than 275 billion pesos ($310 million). This is 0.2 percent of the GDP,” President Milei said in a message on April 22, according to MercoPress. This was the first quarter with a budget surplus since 2008 when his leftist rival, Cristina Kirchner, was in the first year of her presidency. Mr. Milei, who only entered office in December, said the quarterly budget surplus “is plainly a world-class feat.”...

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