Argentina’s Economic Turnaround
Argentina’s President Javier Milei announced the country’s first budget surplus in over 15 years, with a surplus of around 294 million euros in March. This comes after years of economic turmoil, with measures such as cutting public sector jobs and reducing subsidies. Despite high inflation, recent months have seen improvements.
Criticism and Praise
Critics argue that austerity measures harm the poor, especially with education funding cuts. The IMF praised Milei’s reforms for reducing spending, improving investments, and lowering inflation. However, Argentina is still heavily in debt to the IMF, leading to tense negotiations.
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