Skip to main content
Work with the NEU
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.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Argentinian riot police
World / 15 February 2026
15 February 2026
Retired military personnel gather to call for the release of former servicemen accused of human rights violations during the last dictatorship, in Buenos Aires, Argentina, November 29, 2025
Argentina / 30 November 2025
30 November 2025
BE AFRAID BE VERY AFRAID: Javier Milei among supporters after winning in legislative midterm elections in Buenos Aires
Argentina / 6 November 2025
6 November 2025

As six out of 10 Argentines don’t vote for Milei LEONEL POBLETE CODUTTI looks at the country’s real crisis that runs far deeper than just the ballot box