Milei Takes Office as President of Argentina and Implements Deficit-Reduction Reforms

After Milei took office in December 2023, he cut ministries and significantly reduced pensions, social security, public works, and subsidies, leading to a positive primary fiscal surplus as a percentage of GDP and a significant decline in monthly inflation.

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Article · 2026-10-29 00:21 How to Escape the Latin American Trap? Argentina's Risk Index Surpasses 700 Points, Milei's Chainsaw Cuts Deficits While Poverty Rate Jumps Back to 32.3%, Taiwan's Land Reform Turned Landlords into Shareholders, South Korea Tied Subsidies to Export Discipline, Latin America Swings Back and Forth in the Inchworm Effect, While the CCP Lacks All Four and Has Welded the Door Shut!

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