President Javier Milei announced he would implement more public spending cuts in his state-of-the-nation address. He claimed his government represents a new era for Argentina, predicting long-term gains for the country’s economy. Despite protests and controversy surrounding his administration, he emphasized that significant economic reforms and a new IMF agreement are on the horizon.
In his recent state-of-the-nation address, President Javier Milei proposed further cuts to public expenditure under his austerity program, asserting it would endure for years. He asserted that his administration represents “the best team of the last 50 years” and declared a hopeful future for the nation, amid mixed reactions from Congress members.
Milei’s rhetoric included a defiant commitment to his economic agenda, which he claims symbolizes a profound transformation, referring to the chainsaw as a representation of a new era. He hinted at an impending agreement with the International Monetary Fund, stating, “The chainsaw today is the symbol of a change of era, the beginning of a new golden age for humanity.”
Despite facing protests and criticism for recent scandals, Milei confidently asserted that he had fulfilled “97 percent of campaign promises in just one year.” He urged Congress to support a new deal with the IMF to improve Argentina’s economy and eliminate currency restrictions, signaling a potential shift in fiscal policy.
Milei detailed his significant cuts to public services, including layoffs in government jobs and the elimination of various institutions labeled as unnecessary. He celebrated the closure of the Women, Gender & Diversity Ministry and other agencies, claiming these measures are essential for restoring fiscal discipline and improving economic growth.
In his address, Milei called for reforms in labor laws and immigration, aiming for a less complex tax regime and increased investment. He announced a proposal for a national security law to combat crime, addressing concerns about increased violence and drug trafficking in Argentina.
The address was marred by tension, with notable opposition members boycotting the speech due to Milei’s controversial moves and alleged misconduct. Nevertheless, he continued to confront his rivals, emphasizing a strong stance against crime and corruption in his administration, and sought to rally support for his policies as he heads into the upcoming legislative session.
President Javier Milei’s recent address to Congress highlighted his commitment to austerity and further public spending cuts as part of a long-term strategy to reshape Argentina’s economy. Despite facing significant opposition and recent scandals, he remains firm in his belief that his policies will lead to an economic revival. His administration’s aggressive approach to cuts, proposed reforms, and a new deal with the IMF signify a bold, albeit controversial, direction for the nation.
Original Source: www.batimes.com.ar
