Argentina Sees First Monthly Budget Surplus In 12 Years

The Argentine government in January saw its first monthly budget surplus in nearly 12 years, as new President Javier Milei continues to push for strong spending cuts, the Economy Ministry announced.

January was the first full month in office for Milei, a far-right libertarian who took office in December, and it ended with a positive balance for public-sector finances of $589 million at the official exchange rate, the government said late Friday.

The figure includes payment of interest on the public debt.

Shardikprime,

Not only that. From 25.5% inflation on December , which is actually amazingly good results with the car wreck the guy got.

Then it got down to 20.6% on January.

Now on February it’s around 15%

And march seems to be lower still

GiddyGap,

So, you’re telling me fascism works…?

Paragone,

You have to know BOTH sides of the balance-sheet, to know the actual condition of an enterprise.

Budget-surplus combined with removal-of-education?

That’s strategic suicide, but short-term-“conservatives” who are money-centered, wouldn’t care, e.g.

What was cut, & what are the costs of that.

Only when you stop pretending that “this little subdomain” is the ONLY important part of an enterprise’s condition, and countries are enterprises, only-then can you actually become competent in knowing what the hell’s actually going-on.

Obviously.

That is a lesson that all of the factions’ propaganda-“journalism” won’t know, of course…

as ideology/prejudice is much prefered to actual-objectivity, isn’t it?

bitterness

_ /\ _

FreudianCafe,

56% of the population under poverty now, but the magic numbers are lower so its a win

agressivelyPassive,

Yeah, not paying anything will do that.

It’s essentially the same logic galaxy brain Musk tried by not paying rent.

Sanctus,
@Sanctus@lemmy.world avatar

And every worker protection waa cut. So its just full on whatever the corpos want you to do.

SuddenDownpour,

Local family sees first surplus in the bank account in months after they get evicted and begin sleeping in the streets

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