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Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years - Foreign Affairs (5) - Nairaland

Nairaland Forum › Nairaland General › Politics › Foreign Affairs › Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years (17129 Views)

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Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by CodeTemplar: 2:10pm On Dec 12, 2024
grandstar:
The country that's desperately needs Milei makeover isn't the US, but Brazil

The country needs to balance its books.

The primary causes of the budget deficit are very generous pensions and a bloated civil service. If the waste is cut, the budget should balance pronto.

Brazil needs to make its labor market flexible. A flexible market will not only lead to a job creating boom, nut will also bring down costs but boost productivity as well.

Lastly, it needs to cut needless red tape.
instead of cutting jobs, make those on gov payroll truly productive to drive supply of essential goods n services up.
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by emmy512(m): 2:12pm On Dec 12, 2024
FreeStuffsNG:
Smh. This is falsehood. Fox is the equivalent of fake news platform in Nigeria. A lot of ignorant unpatriotic people with low self esteem will swallow and believe this fake news. Fox News report on economy? Smh.

That country called Argentina is in deep mess so much that it's public service and economy is in utter mess. It's the world capital of mediocrity in governance.

You don't achieve deficit by cutting off the salaries of workers and improvishing your citizens and country when great nations like Nigeria with almost 6 times the population of Argentina, is increasing salaries , providing direct palliative to support the vulnerable members of the society, embarking on huge big-budget infrastructure renewal projects like Lagos-Calabar coastal road, refineries etc , growing GDP quarter on quarter basis while fighting inflation aggressively around 30% compared to that of Argentina that is almost 300%!

"He (Javier Milei) laid off over 70,000 public sector workers, cut pensions by 30% and froze infrastructure projects, pushing the country deeper into recession. Supermarket sales fell 10% last month. The International Monetary Fund lowered its 2024 growth outlook for Argentina, projecting a 3.5% contraction.

Poverty now afflicts a staggering 57% of Argentina’s 47 million people, and annual inflation surpasses 270% — a level unseen in a generation
."

Above and the screenshot below is the ugly and sad reality of Argentina today and not the Fake news by fake news spin Fox media.
He took all this measures.
But this your screenshot is from 6 months ago.
Things could have changed within 6 months
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by nairalanda1(m): 2:14pm On Dec 12, 2024
omoredia:
The ones that we have that are not like him have they made things better?
Hookay, looks like you want a Millei type leader.

But we won't get one. I know Nigerians.
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by omoredia: 2:16pm On Dec 12, 2024
nairalanda1:
Hookay, looks like you want a Millei type leader.

But we won't get one. I know Nigerians.
That's why we are where we are. Progress is a choice the people must make
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by Jlow2: 2:31pm On Dec 12, 2024
Our druggie is here thinking of how to snatch and run in 2027 , grabbing and demolishishibg pples land in abuja, destabilizing oppositions, throwing the masses into untold hardship and hunger, apc is worst than the devil
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by nairalanda1(m): 2:36pm On Dec 12, 2024
Jlow2:
Our druggie is here thinking of how to snatch and run in 2027 , grabbing and demolishishibg pples land in abuja, destabilizing oppositions, throwing the masses into untold hardship and hunger, apc is worst than the devil
If you get Millei as president of Nigeria, know that he would cut all subsides, sack a large number of government workers, not raise any salaries, and also cut government spending by not funding any ongoing or new government projects.

You sure you want MIllei or someone like him now?
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by FreeStuffsNG: 2:48pm On Dec 12, 2024
emmy512:
He took all this measures.
But this your screenshot is from 6 months ago.
Things could have changed within 6 months
Today is 12 December. How on earth can 24 July be 6 months ago. Besides, that was Q3 and we are in Q4 now. He has thrown the country into a mess and I just want to expose the ignorance and hypocrisy of anyone making unintelligent excuses for him.
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by treatise: 3:18pm On Dec 12, 2024
SouthSouth1914:
This man came onboard same time as Tinubu. One has took his country out of a mess, and the other thrown his country into a bottomless hole of economic misery.
One is a Jew whilst the other is ehhh....
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by Slurity(m): 3:33pm On Dec 12, 2024
RedScorpion:
And Jagaban is busy destroying Nigeria after sniffing crack cocaine...
TINUBU IS YOUR PRESIDENT TILL 6 MORE YEARS. PREPARE MORE BAD MEME TO ATTACK HIM
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by iamtoofan: 3:42pm On Dec 12, 2024
nairalanda1:
SO, you want a leader that would remove subsides on health, education, and also sack most government workers, and also freeze salaries, and also fight corruptiuon.

At the end, you will call that leader Satan.

Note that the workers in Argentina protested. Note also that at the end of the day, tinubu is still wrong to spend on frivolous things. But if TInubu or any of our past leaders ran our country like Miliei did, you will be here calling them Satanic demons.

Nigerians too want cheap stuff.
What are you saying, what tells you Tpain is subsidizing health, power or pms ?? do you even live in these country

what milei did was cut govt expenditure, stop making it about workers, even if its about workers there sacrifice paid off, whereas in Nigeria lots of multi national companies and smes have folded up with nothing to show, all they do is loot and steal awon olori bu party

Are you not aware Tpain freeze pencom account and no payment since that evil man became president to what end, does it look like Corruption is being tackled, betta edu is walking free,


The protesters in argentina protested without being harrassed, arrested or arraigned in court for treason, if Tinubu can be like Milie then only then our sacrifices and suffering wont be in vain
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by ozo13(m): 3:51pm On Dec 12, 2024
SouthSouth1914:
What has Tinubu done with the money realized from subsidy removal? Rather he is in a borrowing spree. Can he account for the funds realized from subsidy removal? Tinubu is not the leader he made people to believe. He’s more of kleptomaniac! Enriching family and friends..
politics aside we have revenue issues in Nigeria.
At 2M barrel per day , it is honestly not enough for a population of more than 200million citizens.
They were borrowing money to pay subsidy before even before Buhari handed over it was Brilliant naira just within first 6month of the 2023
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by kinguwem: 4:37pm On Dec 12, 2024
Racoon:
This is how countries with responsibly and accountable elected leadership stear their countries to greatness. Meanwhile, someone grabbed, snatched and run away with it but ended up destroying a nation economy with debts, borrowings and loans.
Nigeria's problem is mainly due to poor & unpatriotic leadership. Money is the the tool. They continue to borrow to maintain status quo. We have a corrupted and compromised political and electoral system. This keeps the Judiciary busy and enables Judges to call the shot.
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by Uchesis: 4:39pm On Dec 12, 2024
nairalanda1:
cheesy cheesy cheesy cheesy cheesy

Many Nigerians won't like a MIllei in charge of their country....

For anyone wishing millei on Nigeria, here is how the man ran his country..



Now imagine a Nigerian leader doing the same thing as listed above? Yes, most of you will call him Satan, even Worse than Satan.



As you can see, it is not yet uhuru. But see...the country is ready for investment..so things will improve.

But you Nigerians no go gree for MIllei as leader of this country at all.

Note that MIllei is doing all that so that IMF and other donors can look with favor on his country, in addition to attracting investment.

No Nigerian leader is going to do the above. Even the subsidy removal tinubu did was because there was no more money to spend.



Sauce: UK Independent.
Did Milei buy private jet for himself, travel to France almost every month wasting tax payers money, renovate his VP house with billions, buy presidential yacht, borrow borrow from IMF and World Bankhuh
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by IbeOkehie: 5:36pm On Dec 12, 2024
Yes !!!!!!

I knew it. This is just the beginning, especially for taming inflation. Lower deficits means less money printing. Nobody knows what things will happen in the next 1 to 10 years, but it's a GOOD BEGINNING and proof that free markets MIGHT be the answer.

The changes in the pharmacy market that he made should be closely studied by the USA and possibly copied. It will solve a lot of problems.

Nigerians please take notes.

cc Gerrard grandstar tiannemen1

Good Luck to Nigeria
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by RedScorpion(f): 5:50pm On Dec 12, 2024
Slurity:
TINUBU IS YOUR PRESIDENT TILL 6 MORE YEARS. PREPARE MORE BAD MEME TO ATTACK HIM
Suffering and Smiling....

Fela was really correct 💯%

Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by nairalanda1(m): 5:54pm On Dec 12, 2024
Uchesis:
Did Milei buy private jet for himself, travel to France almost every month wasting tax payers money, renovate his VP house with billions, buy presidential yacht, borrow borrow from IMF and World Bankhuh
NO. that is why TInubu cannot wash his shoes.

You thought I would defend Tinubu... cheesy cheesy cheesy cheesy cheesy cheesy cheesy cheesy cheesy cheesy
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by nairalanda1(m): 5:55pm On Dec 12, 2024
iamtoofan:
What are you saying, what tells you Tpain is subsidizing health, power or pms ?? do you even live in these country

what milei did was cut govt expenditure, stop making it about workers, even if its about workers there sacrifice paid off, whereas in Nigeria lots of multi national companies and smes have folded up with nothing to show, all they do is loot and steal awon olori bu party

Are you not aware Tpain freeze pencom account and no payment since that evil man became president to what end, does it look like Corruption is being tackled, betta edu is walking free,


The protesters in argentina protested without being harrassed, arrested or arraigned in court for treason, if Tinubu can be like Milie then only then our sacrifices and suffering wont be in vain
Health and education is subsidised in NIgeria. Otherwise, you would be paying millions of naira for simple appendicetomy. and even more for CS. Fees in places like UI and UNN would cost higher than in COvenant university.

Like you did not know. cheesy
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by RedScorpion(f): 5:58pm On Dec 12, 2024
malali:

I noticed that was my useless adopted dad,

its a normal family thing.

We smoke Kolos, kwale Igbo, and sniff crack cocaine and then come online to talk trash...

Nigerians have been praying for my useless family but the prayers will not work because we are not tired of sniffing crack cocaine

We are not Getting well soon.

Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by IbeOkehie: 6:00pm On Dec 12, 2024
nairalanda1:
cheesy cheesy cheesy cheesy cheesy

Many Nigerians won't like a MIllei in charge of their country....

For anyone wishing millei on Nigeria, here is how the man ran his country..

Now imagine a Nigerian leader doing the same thing as listed above? Yes, most of you will call him Satan, even Worse than Satan.

As you can see, it is not yet uhuru. But see...the country is ready for investment..so things will improve.

But you Nigerians no go gree for MIllei as leader of this country at all.

Note that MIllei is doing all that so that IMF and other donors can look with favor on his country, in addition to attracting investment.

No Nigerian leader is going to do the above. Even the subsidy removal tinubu did was because there was no more money to spend.

Sauce: UK Independent.
This is a good take on this news. Your view on Nigerians attitudes is very correct. And Liz Truss tried the same thing in the UK and the people rejected her.

Another country that needs similar shock therapy is the USA. Hopefully it will be applied before it's too late.

Good Luck to Nigeria.
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by IbeOkehie:
SouthSouth1914:
This man came onboard same time as Tinubu. One has took his country out of a mess, and the other thrown his country into a bottomless hole of economic misery.
Nigerians....THE NIGERIAN PEOPLE...are to blame for their economic pains.

The current crisis has roots in the events of Jan 2012, when President Jonathan tried to do exactly what Milei has done in Argentina, he was trying to continue with the privatization & deregulation policies that PDP had championed since 1999. Those policies had revitalized banking, airlines, cement and telecoms. Unfortunately when President Jonathan tried to do the same in the petroleum sector by withdrawing fuel subsidy, the APC chieftains of the time, including Tinubu & Buhari, incited them against government. And they convinced Nigerians that "fuel subsidy does not exist".

The Nigerian people killed the very policies that were improving the Nigerian economy. Don't blame President Tinubu, he has no option but to start trying to clean up the mess he created in 2012 and 2015. It's important to ALWAYS remember this.

Good Luck to Nigerians.
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by Blazebond(m): 7:21pm On Dec 12, 2024
The news is always deceiving and it never shows the reality in ground, Argentina is a poverty stricken nation with inflation there worse than Nigeria and Zimbabwe till now,all this nonsense statistics that you are seeing are all propaganda.
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by iamtoofan: 7:28pm On Dec 12, 2024
nairalanda1:
Health and education is subsidised in NIgeria. Otherwise, you would be paying millions of naira for simple appendicetomy. and even more for CS. Fees in places like UI and UNN would cost higher than in COvenant university.

Like you did not know. cheesy
Some of you are just unbelievable, i doubt if you are a human sef, if Tpain is subsidizing education what gave rise to student loan

Before you come online n spew trash why not 1st educate yoursef, if you have someone in any govt hospital right now you will definitely not be here saying jargons undecided

most you that support Tinubu here on NL come off like a BoT
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by nairalanda1(m): 8:07pm On Dec 12, 2024
iamtoofan:
Some of you are just unbelievable, i doubt if you are a human sef, if Tpain is subsidizing education what gave rise to student loan

Before you come online n spew trash why not 1st educate yoursef, if you have someone in any govt hospital right now you will definitely not be here saying jargons undecided

most you that support Tinubu here on NL come off like a BoT
The anger is strong with this one
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by CodeTemplar: 8:40pm On Dec 12, 2024
IbeOkehie:
Nigerians....THE NIGERIAN PEOPLE...are to blame for their economic pains.

[b] The current crisis has roots in the events of Jan 2012, [/b]when President Jonathan tried to do exactly what Milei has done in Argentina, he was trying to continue with the privatization & deregulation policies that PDP had championed since 1999. Those policies had revitalized banking, airlines, cement and telecoms. Unfortunately when President Jonathan tried to do the same in the petroleum sector by withdrawing fuel subsidy, the APC chieftains of the time, including Tinubu & Buhari, incited them against government. And they convinced Nigerians that "fuel subsidy does not exist".

The Nigerian people killed the very policies that were improving the Nigerian economy. Don't blame President Tinubu, he has no option but to start trying to clean up the mess he created in 2012 and 2015. It's important to ALWAYS remember this.

Good Luck to Nigerians.
Zero over Ten.

What hasthe saved funds from subsidy been used for? SUBSIDY.

Yes. They increased the pay of idlers. Electricity subsidy. Executive subsidy. Hajj subsidy. Wastage unabated.

Even if Jonathan had removed it, he would have continued with almajiri schools and eating. The structure is definitely benefitting you if you can turn a blind eye to the obvious wastage and ineffeciency from the top. Nigerians were right to reject the removal because the money saved is being wasted like always.
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by ejieddy: 9:16pm On Dec 12, 2024
nairalanda1:
Millei slashed subsides on energy and other stuff when he took power. He also sacked hundreds of government workers, and stopped spending on projects....to save money.

You sure you want that.?

Workers in Argentina went on strikes and protests well well.

Good things do not come easy.
One thing stands out though... He wasn't dishonest nor corrupt. When people see that, they'll definitely adjust. Not when you're buying private jets and yacht for your family and want to slash subsidies.
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by kcbaba007: 12:52am On Dec 13, 2024
Young and intelligent man doing what some old good for nothing ballot hijacking, judge buying, election umpire buying, so called 1st class degree accountant can't do
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by nairalanda1(m): 4:20am On Dec 13, 2024
ejieddy:
One thing stands out though... He wasn't dishonest nor corrupt. When people see that, they'll definitely adjust. Not when you're buying private jets and yacht for your family and want to slash subsidies.
There have been a lot of protests in Argentina plus people are still angry.

Also poverty rates have gone up
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by Somilat: 5:13am On Dec 13, 2024
Only a jew would promote this story on Nairaland.

So what do we have here on Nairaland?
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by Somilat: 5:15am On Dec 13, 2024
This political activity against Nigeria is Zionist.

Someone get to the website owner Oluwaseun Osewa and tell him to do something.
Re: Javier Milei Ends Budget Deficit In Argentina, First Time In 123 Years by SouthSouth1914: 7:39am On Dec 13, 2024
IbeOkehie:
Nigerians....THE NIGERIAN PEOPLE...are to blame for their economic pains.

The current crisis has roots in the events of Jan 2012, when President Jonathan tried to do exactly what Milei has done in Argentina, he was trying to continue with the privatization & deregulation policies that PDP had championed since 1999. Those policies had revitalized banking, airlines, cement and telecoms. Unfortunately when President Jonathan tried to do the same in the petroleum sector by withdrawing fuel subsidy, the APC chieftains of the time, including Tinubu & Buhari, incited them against government. And they convinced Nigerians that "fuel subsidy does not exist".

The Nigerian people killed the very policies that were improving the Nigerian economy. Don't blame President Tinubu, he has no option but to start trying to clean up the mess he created in 2012 and 2015. It's important to ALWAYS remember this.

Good Luck to Nigerians.
The mess he created with other religious leaders? Tinubu lied and gang up with different people to paint the PDP as devils whereas the APC is the real devil! What has life been after the PDP? Nigerians get the same rhetoric “Trying to clean the mess” Nigerians were living during the PDP, now with the apc nigerians are fighting for their lives!
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