In a series of significant economic and legal reforms under President Javier Milei, Argentina has experienced its first budget surplus in over 12 years, turning a 1.2 trillion-dollar annual deficit into a 400 billion surplus within just 9 weeks of his administration. Milei has introduced a bill aimed at penalizing any Central Bank official who orders the printing of money to cover the country's deficit and is working towards implementing a currency competition system. His administration has also eliminated entire ministries and agencies as part of austerity measures. Additionally, Milei's government is facing a dispute with the oil-rich province of Chubut over threats to cut off gas and oil supplies, which the president has labeled as 'extortion'. This comes amid a backdrop of a national strike by social organizations against Milei's austerity measures and a legal challenge from the governor of Buenos Aires, Axel Kicillof, who announced plans to sue the Milei government.
#Argentine President Javier #Milei Seeks to Criminalize Money Issuance https://t.co/kUjKF3ZN5r
Axel Kicillof, governor of Buenos Aires (#Argentina), announced on Monday that the provincial prosecutor will sue the Milei government before the Supreme Court of the Nation. https://t.co/msGu2XXg2K
Argentina's president condemns threat by provincial governor to cut energy supplies in dispute https://t.co/1PU7LcbIcI
#Argentine President Javier #Milei Seeks to Penalize Money Issuance https://t.co/kUjKF3ZN5r
Investors optimistic about Milei's ability to bring Argentina back from the brink https://t.co/6xxiSYUl3T https://t.co/BCW0neZQYP
🇦🇷 MILEI BATTLES EXTORTION BY OIL-RICH AREA Chubut, an oil-rich province in Argentina, threatened to cut off gas and oil supplies to the country in response to Milei's government freezing funds due to "back-owed debts." "Threatening to cut off fuel is a matter of extortion, not… https://t.co/EFkQ4ldtAC
Argentina's Milei calls province's threat to cut energy supply 'extortion' https://t.co/nNRO6kb27l https://t.co/T9tAOAHWlC
#ARGWatch🇦🇷: From yours truly: "Milei was elected ... based off the idea that he could kill inflation by officially dollarizing." Before it's too late, Pres. @JMilei NEEDS TO DOLLARIZE AND SMASH INFLATION. More in my latest @iimr_buckingham Webinar. https://t.co/ZNzVS70cuJ
Milei is so extreme he would even make counterfeiting illegal https://t.co/H6aZuYz16G
⚠️ ARGENTINA'S MILEI CALLS PROVINCE'S THREAT TO CUT ENERGY SUPPLY 'EXTORTION' (Reuters) The government of Argentina's libertarian President Javier Milei said on Monday a threat by oil-rich province Chubut to cut off gas and oil supplies amounted to "extortion" amid a brewing…
Argentina to Penalize Bankers Who Print Money #Argentina #Centralbanks https://t.co/vQZHAZSLmW via @TheDeepDive_ca
#FromTheSouth News Bits | Social organizations in Argentina carried out a national strike against the government of President Javier Milei, in rejection of his austerity, deregulation, and austerity measures that affect the country's most vulnerable sectors. https://t.co/1viGEQNgBW
Javier Milei Ended a DC-Sized Deficit in...Nine Weeks | @profstonge How did he do it? Easy: he cut a host of central government agency budgets by 50% while slashing crony contracts and activist handouts. https://t.co/XJk5Lvfu5Y
Argentine President Javier Milei will introduce a bill to jail any Central Bank official who orders the printing of money to cover Argentina's deficit. https://t.co/WulVtxp7hr
You are running to do the opposite of what Milei did. He has slashed government spending, on every front. He has eliminated entire ministries and agencies. He is working to eliminate their central bank. You've promised to spend more and have government even more involved in… https://t.co/duY2UdVJwY
Milei is part of the central banking cartel. Good for America as he is dollarizing the country and axing the peso. 45M person country. https://t.co/romMTSGrzv https://t.co/TAuYjSIuWh
NEW: 🇦🇷 Javier Milei aims to implement a currency competition system within Argentina and pass a law to imprison anyone printing money to cover government spending 👀 https://t.co/MiQEJZ7ryI
Haha, holy shit, Milei is proposing re-eatablishing rule of law and outlawing the criminality that has reigned for decades. Counterfeiting might finally become illegal again. https://t.co/MGk0xi29mE
Javier Milei | bill jailing anyone who orders to print money to cover deficit https://t.co/XBwEHVzRsz
After just 9 weeks of Javier Milei in power, the government of Argentina has its first budget surplus in over 12 years. In US terms, Milei turned a 1.2 trillion-dollar annual deficit into a 400 billion surplus. It’s possible here too. Unlike my predecessors, I’ll actually drain…
The reality of what Milei is doing to Argentina: https://t.co/K6JirTFtpi