Vow of austerity sets up showdown over 2025 Argentina budget
President Javier Milei of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his pledge to kill the country’s chronic fiscal deficit and signalled a new phase of confrontation with lawmakers. In an unprecedented move, Milei personally pitched the budget to Congress instead of his economy minister, lambasting Argentina’s history of macroeconomic mismanagement and promising to veto anything that compromised his idea of tight fiscal policy. The president’s budget proposal followed a week of political clashes...
