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🇦🇷 MILEI PRESIDENCY SEES $40B DROP IN ARGENTINA’S NET DEBT
Data from AURUM, based on BCRA and Finance Secretariat figures, shows a stark contrast between Milei’s first months and previous administrations.
CFK’s (leftist) second term closed with +$69.5B in net debt, Macri (centrist) with +$45.2B, and Alberto Fernández with +$104.3B, the largest increase in the period.
Milei’s government, by contrast, records a $40.1B reduction, reflecting a sharp fiscal adjustment and debt management shift.
Source: Infobae, AURUM
11.8. klo 01.10
🇦🇷 ARGENTINA’S ECONOMIC PLOT TWIST: FROM MELTDOWN TO MIRACLE GROWTH
18 months ago, Argentina was an economic horror show: 211% inflation, collapsing wages, and poverty pushing half the country under.
Enter Milei - libertarian chainsaw in hand - axing subsidies, killing ministries, freezing public works, lifting currency controls, and promising zero deficit or bust.
Now? Inflation’s down to 39% a year (that’s “good” here), poverty’s dropped 14 points, and GDP is set to jump 5.5% in 2025 - second only to India among major economies.
Wages are finally beating inflation, Moody’s upgraded its credit rating, and the IMF is clapping.
Challenges ahead: job instability, under-the-table work, and millions in “mattress dollars” still hiding from banks.
Milei’s next big trick? Convince Argentines to trust the system they’ve spent decades dodging.
Source: The Telegraph, IMF
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