Milei doubles down on austerity in proposed new Argentinian budget
ARGENTINA’S far-right president, Javier Milei, has vowed to “press on” with austerity in his proposed budget for 2025.
In an unprecedented move, Mr Milei personally pitched the budget to Congress instead of his economy minister, slamming Argentina’s history of “macroeconomic mismanagement” and promising to veto anything that compromised his commitment to austerity.
The president’s budget proposal followed a week of political clashes in the legislature over planned spending increases that the president’s administration warns would derail its International Monetary Fund (IMF) supported “zero-deficit” budget.
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