Milei Promises to ‘Deactivate Debt Bomb’ as He Unveils Argentina’s Budget

Argentine President Javier Milei has presented his 2025 budget to the country’s Congress and promises to deactivate the “debt bomb” his government inherited. Milei, a classic liberalist, won last November’s presidential election against the Peronist candidate Sergio Massa, promising drastic changes to the economy to combat soaring inflation and rising poverty. He told the Congress in Buenos Aires on Sunday: “The cornerstone of this budget is the first truth of macroeconomics, a truth that for many years has been neglected in Argentina: that of zero deficit. “Managing means cleaning up the balance sheet, deactivating the debt bomb that we inherited.”...