In a series of significant political moves, Argentine President Javier Milei has been at the center of controversy and decisive action. Following intense criticism, Milei canceled a decree he signed in February that would have increased his salary and those of officials by 48%. This decision came amidst Argentina registering the world's second-highest inflation rate, with the peso losing approximately 65% of its value against the USD since January 2023. In an effort to address the economic challenges, Milei has taken steps such as slowing the country's monthly inflation down to 15.3% in February, slashing bureaucratic agencies, and devaluing the country's currency. However, his actions have not been without criticism. The Wall Street Journal reported that a fiscal balance achieved in January isn't sustainable, the economy is in recession, and inflation expectations by market participants are over 200% for the year. Amidst these economic measures, Milei also fired his Labor Secretary, Omar Yasín, during a live interview, citing the government's inability to afford pay raises. This dramatic firing was a response to the mishandling of a review of former president Cristina Kerchner's increase of executive salaries. Despite these efforts, Milei's approval rate has reportedly dropped from 60% when he took office to the 45%-50% range.
Psycho: Milei fires Labor sec on live television https://t.co/ILD98O4pUZ
🇦🇷⚡ Javier Milei caught red-handed increasing his own salary by 48% The Libertarian leader has fired his labor secretary for his “mistake” in a bid to stem the fallout over his 48% salary increase. Milei’s gross monthly salary rose from just over 4mn pesos in January ($4,700)… https://t.co/blRIOPBgdO
But Milei said the pay rise was a mistake, that he had dismissed his labour secretary, and reversed the increases for himself and his cabinet https://t.co/G5kPkUsl4y https://t.co/EbZYHr8VKB
Javier Milei fired his Secretary of Labor on live TV for allegedly mishandling a review of the former president’s increase of executive salaries. Two days earlier, members of his ‘La Libertad Avanza’ coalition announced plans for a bill overturning recent 30% increases to… https://t.co/Edzf2NNZTO
🇦🇷🚨‼️ HAHA: President Javier Milei has rescinded a 48% raise for himself and his cabinet following backlash over the increase and his claim that it was automatic despite signing the decree authorizing it. 1/ https://t.co/1yUzYQhNcN
Javier Milei’s salary rose 48% last month. Seems to be the price of freedom
There’s adjusting pay raises for inflation, then there’s supercharging pay raises inflation be damned Argentina's Javier Milei accused of hypocrisy over his 48% pay rise https://t.co/Nfk7hXKMAg
#ARGWatch🇦🇷: According to the Buenos Aires Times, Pres. Milei's approval rate has TANKED from 60% when he took office to the 45%-50% range. If @JMilei would have followed through on his campaign promise and dollarized on the day he entered the Casa Rosada, his approval rating… https://t.co/yON7Bwm9t4
#ARGWatch🇦🇷: Since January 2023, the peso has lost ~65% of its value against the USD. The Argentine peso is the second WORST CURRENCY IN THE WORLD on this week's Hanke’s #CurrencyWatchlist. Pres. @JMilei, MOTHBALL THE PESO & OFFICIALLY DOLLARIZE. https://t.co/8TGiQ1trD1
#Argentina | The government of President Javier Milei repealed a strongly criticized decree that seeks to increase his and the Senators' salaries. https://t.co/NorOfTe2vA
NEW: President of Argentina Javier Milei fires Labor Secretary Omar Yasín during a live interview. Milei said he was firing Yasín for government pay raises that the country can't afford. "I’ve fired the labor secretary," he said during a live interview. "At this moment they're… https://t.co/nhBDK3Iu3o
NEW: ⚡ 🇦🇷 As Argentina faces a 57% poverty rate, Milei raises his salary 48% Argentina Since the beginning of the year has become the country with the highest inflation in South America, with over 250%, that is far more than Venezuela. Just a few days after ordering Lower… https://t.co/pvE2Kg0XgB
NEW: ⚡ 🇦🇷 As Argentina faces a 57% poverty rate, Milei raises his salary 48% Argentina Since the beginning of the year has become the country with the highest inflation in South America, with over 250% far more than Venezuela. Just a few days after ordering Lower House… https://t.co/QRuxxmYLCA
Javier Milei fires his Labor Secretary LIVE on national TV. https://t.co/en3DXA0Aba
Javier Milei fires his Labor Secretary on live TV: “I’ve fired the labor secretary. At this moment they’re notifying him.” https://t.co/jSEPfQ2g3G
#FromTheSouth News Bits | Argentina: President Javier Milei reverses the decree to increase executive salaries. https://t.co/FVYcpW5Quw
Javier Milei fired his cabinet's Secretary of Labor on live television for making a mess in delaying his review of former president Cristina Kerchner's increase of executive salaries. Milei reverted the salaries -- government officials will not be getting a pay raise while the… https://t.co/eUUJ0j4g9m
Milei just sacked the secretary of labor on live TV for not reviewing the decree by Cristina that increased executive branch salaries by default (which Milei reverted yesterday) https://t.co/Ijaeufhav9
#ARGWatch🇦🇷: WSJ's @MaryAnastasiaOG on ARG: "A fiscal balance achieved in January isn’t sustainable, the economy is in recession, and inflation expectations by market participants at over 200% for the year are nothing to brag about." Spot on. By not dollarizing, Pres. @JMilei is… https://t.co/a235sMIz0y
BREAKING: Argentinian President Javier Milei has slowed the country’s monthly inflation down to 15.3% in February, much lower than the spike in December, according to Reuter’s forecast. Some of Milei’s actions include slashing bureaucratic agencies, devaluing the country’s…
Following criticism, Argentine President Milei canceled the decree signed in February that would have increased his salary and those of officials by 48%. https://t.co/H8dlYp11u5
#ARGWatch🇦🇷: Week after week, ARG registers the WORLD'S 2ND HIGHEST INFLATION RATE on the #HankeInflationDashboard. Pres. @JMilei, It’s time for you to get your priorities STRAIGHT and DOLLARIZE NOW. https://t.co/Zf9KXnXoPe