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Montevideo, May 19th 2024 - 20:50 UTC

 

 

Argentina: Milei pledges to lower taxes soon

Wednesday, March 6th 2024 - 10:55 UTC
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Milei also pointed out that State expenditures were cut down 30% in January and another 36% last month Milei also pointed out that State expenditures were cut down 30% in January and another 36% last month

Argentine President Javier Milei said Tuesday at the Expoagro 2024 rural event in the city of San Nicolás in the province of Buenos Aires that “by improving the fiscal numbers, the door would be opened for us to start lowering taxes.”

“Instead of doing what other governments have done by taking that improvement in tax collection to increase public spending, we are going to use that money to return it to its legitimate creators, which are the entrepreneurs and the good people, and not to leave it in the hands of the junk politicians we have,” he added.

Milei also pointed out that State expenditures were cut down 30% in January and another 36% last month. He also hoped his administration would free up the exchange rate between the Argentine peso and the US dollar halfway through 2024.

The head of state also highlighted the importance of rural production for the country's economy and forecast that inflation for the month of February would stand at around 15%.

Tuesday's speech was Milei's first public appearance after his March 1 appearance before the Legislative Assembly in which he called all Governors to sign the so-called May Pact and clear the way for the Libertarian's roadmap laws to be passed in Congress.

Milei stressed that his Government found “a lot of corruption” which is being addressed. “We dismissed 50,000 civil servants, cut public works, and started the reorganization of the Central Bank,” he also pointed out while highlighting January's surplus.

“After a long time the country risk is falling, the [exchange rate] gap [between the official and the black market quotations] has completely disappeared,” the president also noted.

Categories: Economy, Politics, Argentina.

Top Comments

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  • Zaphod Beeblebrox

    I am sure that there are many taxes that are more trouble to collect than they are worth. Get rid of those and the effect on finances will be minimal, you save on administration costs, people are happier and you reduce tax evasion.

    Milei is spot on that the wealth creators in the country should be encouraged.

    Mar 06th, 2024 - 12:26 pm 0
  • imoyaro

    That may well be, but let's see what the Peronist machine lets him do before the “Cuartelazo.”

    Mar 09th, 2024 - 10:19 am 0
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