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Argentina's President Flies Commercial To Cut Government Spending (Video) - Foreign Affairs - Nairaland

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Argentina's President Flies Commercial To Cut Government Spending (Video) by Newsmic: 6:42am On Dec 31, 2023

https://www.youtube.com/watch?v=Amyn1MQC7Vw

Argentine president begins flying commercial to lead example in country’s cost-cutting measures

Following his promise to cut the cost of governance, Argentina’s President, Javier Milei, has begun flying commercial airlines as part of his move to dig the nation out of its worst economic crisis.

He was welcomed by fellow passengers who boarded the commercial flight earlier today in a viral video.

Mr Milei, who is gradually setting an example of good leadership, had, shortly after taking the mantle of power, declared the sales of two airplanes belonging to the state-run oil company YPF (Yacimientos Petrolíferos Fiscales) to save $3 billion per year.

The YPF is a vertically integrated, majority state-owned Argentine energy company engaged in oil and gas exploration and production, used exclusively by “privileged politicians” in the country.

Earlier this month, Mr Milei slashed car purchases for government officials by 50 per cent and also announced a reduction in government drivers and vehicles.

He took over the country struggling with runaway inflation and has begun to do everything he could to tackle the economic crisis.

“One of the great objectives we have as a Government is to put an end to privileges. The adjustment we intend to make on political expenses, only in operating expenses, is around US$ 3 billion per year.

“Talking about 15,000% inflation is frightening for everyone and that is what we are working on. It is good to understand that today inflation is running at around 3,678% per year; this 1% of daily inflation leaves us immersed in hyperinflation that we are trying to avoid and we are making an effort so that the catastrophe does not end up happening,” Mr Milei said in a statement issued earlier this month by his spokesman, Manuel Adorni.

However, economists have revealed that the move by Mr Milei changed the country’s official rate to 800 pesos per dollar from 365 pesos and comes just days into his term.

Revealing the reduction in the exchange rate gap between the official and “blue” – an euphemism for the black market, Mr Milei pointed out that his administration was focused on injustice, which was another major objective to put an end to privileges by politicians.

Shortly after taking the oath of office earlier in December, Mr Milei had told the citizens of the country to brace for massive public spending cuts as parts of emergency measures to help the nation’s struggling economy.

Argentina had been trapped in recurring cycles of deep and destructive economic contractions brought on by policies that force governments to routinely spend more than they collect through taxes and other income, according to economists.

https://gazettengr.com/argentine-president-begins-flying-commercial-to-lead-example-in-countrys-cost-cutting-measures/

21 Likes 1 Share

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Georgry(m): 6:46am On Dec 31, 2023
smiley

I didn't support Peter Obi but he is the only person that *could" or "might" have done this in Nigeria.

Tinubu will even add more plane to the fleet and Atiku is as reckless as him also, bunch of useless politicians Nigeria parade.

To be candid i see no way out for Nigeria, our own generation is full of yahoo boys, smokers, oloshos and thieves, even worse than this current group of generation, and the latest generation that called themselves gen z will be so worse that they might legalise lesbianism in Nigeria.

172 Likes 15 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by 1Alex: 6:46am On Dec 31, 2023
In Nigeria, even when there is no money to fly their jet, they will borrow billions of dollars just to fly.

135 Likes 12 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by shawante(m): 6:46am On Dec 31, 2023

48 Likes 4 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Hezzyluv: 7:14am On Dec 31, 2023
The greatest scam Nigerians ever experienced was Buhari's APC.

93 Likes 5 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Ikaeniyan0: 7:15am On Dec 31, 2023
Nigeria economy is far better than that of Argentina. So Tinubu and Shettima should keep on flying in private jets.

8 Likes 2 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Akwamkpuruamu: 7:22am On Dec 31, 2023
BATSHIT left the group chat with all agbadoriams

66 Likes 4 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Johnycastro18: 7:24am On Dec 31, 2023
This is the kind of sacrifice the Nigerian average politician cannot do.

Even when Nigerians were crying out concerning the outrageous amount of money the house of assembly members budgeted for SUV-cars for themselves,

they still proceeded to acquire this expensive vehicles at the expense of less expensive ones despite the harsh economy.

The average Nigerian politician donot care about the sufferings of the common masses

68 Likes 7 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by omisanjo(m): 7:46am On Dec 31, 2023
Read the article well. He floated their currency just like tinubu. He cut cost with left hand for him to have money to spend cos he doesn't have any other choice,now devalue currency with right hand to squeeze the already suffering masses well so that he can even have more to spend. All politicians are selfish cos they come from the same country called "Politics"
Georgry:
smiley

I didn't support Peter Obi but he is the only person that *could" or "might" have done this in Nigeria.

Tinubu will even add more plane to the fleet and Atiku is as reckless as him also, bunch of useless politicians Nigeria parade.

To be candid i see no way out for Nigeria, our own generation is full of yahoo boys, smokers, oloshos and thieves, even worse than this current group of generation, and the latest generation that called themselves gen z will be so worse that they might legalise lesbianism in Nigeria.

5 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by SoNature(m): 7:52am On Dec 31, 2023
Ikaeniyan0:
Nigeria economy is far better than that of Argentina. So Tinubu and Shettima should keep on flying in private jets.

The GDP of the UK is over 3 trillion dollars.
The GDP of Nigeria is not up to 500 billion dollars. As the British Prime Minister, Boris Johnson was flying business class, but Tinubu has never flown on commercial flight since he became the president.

I tell people that with this Japa syndrome, the West will take all the useful people in this country, leaving us with dregs of society who spend 24/7 online hailing Tinubu and attacking those who criticize this clueless government. My prophecy is happening right here...

63 Likes 8 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by OkpaNsukkaisBae(m): 7:54am On Dec 31, 2023
Law
Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by okosodo: 7:55am On Dec 31, 2023
Th
Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Nonny95: 8:23am On Dec 31, 2023
omisanjo:
Read the article well. He floated their currency just like tinubu. He cut cost with left hand for him to have money to spend cos he doesn't have any other choice,now devalue currency with right hand to squeeze the already suffering masses well so that he can even have more to spend. All politicians are selfish cos they come from the same country called "Politics"


Defender of rubbish.

The same floatation that CBN has denied? Or are you not updated?

30 Likes 3 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by DatNiggaDaz: 8:37am On Dec 31, 2023
Hezzyluv:
The greatest scam Nigerians ever experienced was Buhari.
..& Thief'nubu

9 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by DatNiggaDaz: 8:39am On Dec 31, 2023
omisanjo:
Read the article well. He floated their currency just like tinubu. He cut cost with left hand for him to have money to spend cos he doesn't have any other choice,now devalue currency with right hand to squeeze the already suffering masses well so that he can even have more to spend. All politicians are selfish cos they come from the same country called "Politics"
roasted electricity with down payment understanding of issues

Na wa

19 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Ikaeniyan0: 8:47am On Dec 31, 2023
SoNature:


The GDP of the UK is over 3 trillion dollars.
The GDP of Nigeria is not up to 500 billion dollars. As the UK Prime Minister, Boris Johnson was flying business class, but Tinubu has never flown on commercial flight since he became the president.

I tell people that with this Japa syndrome, the West will take all the useful people in this country, leaving us with dregs of society who spend 24/7 hailing Tinubu and attacking those who criticize this clueless government. My prophecy is happening right here...
I didn't attack you, you're the one that quot me and wailed because of my comment. Tinubu and Shettima will keep on flying private jet, it does not matter how much you wail.

If nah your papa be president of Nigeria, you no go talk like this. You're only saying all this because you don't like Tinubu.

6 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by nedu666: 8:47am On Dec 31, 2023
No African leader flies in commercial airlines despite being the poorest continent but they are always seeking for loans, aid, food programs

29 Likes 2 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Gadafii: 9:49am On Dec 31, 2023
Georgry:
smiley

I didn't support Peter Obi but he is the only person that *could" or "might" have done this in Nigeria.

Tinubu will even add more plane to the fleet and Atiku is as reckless as him also, bunch of useless politicians Nigeria parade.

To be candid i see no way out for Nigeria, our own generation is full of yahoo boys, smokers, oloshos and thieves, even worse than this current group of generation, and the latest generation that called themselves gen z will be so worse that they might legalise lesbianism in Nigeria.
you know and are certain that PO is the only one that could have cut cost of governance and other wasteful ventures yet you didn’t support him

Who ever you supported was probably base in tribe and religion. All of us dey bleed am so

28 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Georgry(m): 10:38am On Dec 31, 2023
Gadafii:
you know and are certain that PO is the only one that could have cut cost of governance and other wasteful ventures yet you didn’t support him

Who ever you supported was probably base in tribe and religion. All of us dey bleed am so


I don't do tribe stuff, and when I said could, it means I am not certain about it, please note that i am an independent thinker and i knew the 3 of them are almost the same, the reason I didn't go with him is because of the way you obedients are carrying him like a saint which is not the case, I slept like a baby on the day of the election.

9 Likes 1 Share

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by RepoMan007: 11:03am On Dec 31, 2023
The elites are a big part of the lawlessness ravaging us. No discipline.

5 Likes 1 Share

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by RepoMan007: 11:04am On Dec 31, 2023
Ikaeniyan0:
Nigeria economy is far better than that of Argentina. So Tinubu and Shettima should keep on flying in private jets.
idiotic bile talk.

12 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by adesegun121(m): 11:49am On Dec 31, 2023
Ok
Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by AderonkeOlaniyi(f): 11:50am On Dec 31, 2023
To 30k monthly stipend collectors and online miscreants, Tinubu is saving subsidy money for them and their unborn children.

20 Likes 2 Shares

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by dapsoneh: 11:50am On Dec 31, 2023
This is leading by example, lets see who dem born well among his executives will dare fly private

4 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Basicend: 11:51am On Dec 31, 2023
Whereas the Nigerian president has 12 or thereabouts airplanes in his presidential fleet.

Even his son / family uses presidential planes for private trips at this critical Nigerian situation.

A convoy of 30 cars were seen following him last week in Lagos.

We have a long way to Go. . Officially a dollar is above N1,040. . No politician really cares.

9 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by christejames(m): 11:51am On Dec 31, 2023
Can your Tinubu can? grin grin grin

3 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by advanceDNA: 11:51am On Dec 31, 2023
Tinubu be like .....".U don't mean it......instead of you to waste ur country resources u are busy managing.....u want terrorist like IPOB to wait for you inside commercial plane?? Even if all u have left if 50k in the Treasury...u must borrow to fly private jet"

6 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by BUSHHUNTER: 11:51am On Dec 31, 2023
Aside from that FIFA shortcut cheat! Any other person from that side? undecided
Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by boxypane(m): 11:52am On Dec 31, 2023
Unlike the vampires we have here in Nigeria buying private yatch.

4 Likes

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by Iseoluwani: 11:52am On Dec 31, 2023
Argentina is faced with inflation, so the president used wisdom. Na better person be this

8 Likes 1 Share

Re: Argentina's President Flies Commercial To Cut Government Spending (Video) by TrackerXL: 11:52am On Dec 31, 2023
Where is the link to this claim ?

Nonny95:



Defender of rubbish.

The same floatation that CBN has denied? Or are you not updated?

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