27 February 2024
Argentina’s Javier Milei has achieved a remarkable fiscal turnaround, transforming the nation’s longstanding budgetary woes into its first monthly surplus in over a decade. Within a mere nine and a half weeks, Milei managed to overturn a deficit that had been forecasted to reach 5% of the country’s GDP, effectively shifting from what would be equivalent to a 1.2 trillion-dollar annual deficit in the United States to a 400 billion-dollar surplus. This rapid financial correction not only showcases Milei’s decisive approach to economic management but also marks a significant milestone in Argentina’s efforts to stabilize its economy.