Meteorologia

  • 18 MAIO 2024
Tempo
16º
MIN 13º MÁX 20º

Milei announces first budget surplus in Argentina since 2008

Argentina has registered its first quarterly budget surplus since 2008, Argentine President Javier Milei announced, hailing it as a "historic milestone."

Milei announces first budget surplus in Argentina since 2008
Notícias ao Minuto

17:48 - 23/04/24 por Lusa

Mundo Argentina

In the first quarter of 2024, the Argentine State recorded a surplus of around 275 billion pesos (288 million euros), Milei said on national television on Monday night.

"This is the first quarter with a financial surplus since 2008," stressed the Argentine president, referring to the first year of the government of his left-wing political rival Cristina Kirchner.

This is "an achievement of historic proportions on a global scale," boasted the president, who came to power in December, adding that "if the State does not spend more than it collects and does not resort to issuing (money), there is no inflation."

Milei has promised to reduce the budget deficit to zero, a more ambitious goal than that imposed by the International Monetary Fund (IMF), with which Argentina has a 41 billion euro loan agreement.

Read Also: Argentina records budget surplus for the first time in 16 years (Portuguese version)

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