Good news! Milei is my man of the year! Don't cry for Argentina! 😊
The goal is a a limited and small government again! Let's get out the chainsaw!
More federalism and less centralism!
"... Milei implemented a series of drastic “shock therapy” measures to avert the collapse of the country’s economy and avoid a hyperinflation spiral.
Milei’s policies successfully reduced the inflation rate in Argentina, dropping it from 25.5 percent in December 2023 to 2.7 percent in October 2024 while also allowing the nation to experience ten months of continued trade surplus as of November.
Additionally, Milei spearheaded a dramatic overhaul of the Argentine government during his first year, reducing the number of ministries from 18 to nine on his first day and outright replacing other institutions — such as Argentina’s bloated AFIP revenue service, which was dissolved and substituted with a much smaller agency in November. The Argentine president also introduced a series of sweeping reforms that Congress passed in late June. ...
Milei stressed that his administration will continue with his economic reforms throughout 2025 and to that end, he stated that his administration is currently finalizing a “structural tax reform” that will reduce the amount of national taxes by 90 percent while restoring tax autonomy to Argentina’s provinces.
“Thus, next year we will see a real tax competition among the Argentine provinces to see who will attract the most investment,” Milei said. ..."
No comments:
Post a Comment