Milei doubles down on austerity in proposed new Argentinian budget
A demonstrator holds a banner that reads in Spanish ‘The 2025 budget, starving us to death’ as Argentina's President Javier Milei presents next year's budget in Congress in Buenos Aires, Argentina, September 15, 2024
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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