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Published 25 days ago

Milei announces Argentina's first budget surplus in 16 years

  • Argentina's President Javier Milei announced the country's first quarterly fiscal surplus since 2008 at the presidential palace in Buenos Aires, according to Bloomberg News.
  • In the first quarter of 2024, Argentina reported a budget surplus of about 275 billion pesos, stated Milei on national TV, surpassing left-wing rival Cristina Kirchner's term.
  • Milei, elected in November, aims to eliminate the deficit entirely, exceeding the goals set by the IMF's $44 billion loan agreement with Argentina.
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