Argentina's President Milei Achieved Major Economic Gains In His First Year. - Foreign Affairs

Argentina's President Milei Achieved Major Economic Gains In His First Year. - Foreign Affairs - Nairaland

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Argentina's President Milei Achieved Major Economic Gains In His First Year. by AhmedPeacemaker(op): 6:02pm On Aug 10, 2025

Argentine President Javier Milei has achieved significant economic milestones in his first year in office.

Here are some key developments:

Reduced Inflation:
Argentina's annual inflation rate dropped from 211% in 2023 to 43.5% by mid-2025, with monthly inflation falling to 1.5% in May 2025, the lowest in five years.

Fiscal Surplus:
The government achieved a fiscal surplus in its first full month in office (January 2024) and maintained it since, reducing government spending by approximately 30% compared to the previous year.

Economic Growth:
Argentina's economy registered a year-over-year growth rate of 7.6% in the second quarter of 2025, its most robust performance in nearly two decades.

Increased Investment:
Milei's administration has attracted significant foreign investments, including a $50 billion LNG project with YPF and Petronas, and is expecting up to $15 billion in investments next year.

Reforms:
The president implemented radical economic reforms, including:

Deregulation:
Encouraging private sector growth and investment.

Privatization:
Proposing privatization of state companies to improve efficiency.

Fiscal Discipline:
Reducing public spending and eliminating subsidies.

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by destinychildolu(m): 6:21pm On Aug 10, 2025

He copied from Tinubu. He was one of Tinubu's students of politics

6 Likes 1 Share

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by Burob: 6:32pm On Aug 10, 2025

BrightStudent29:
Very good. Those are politician and president who knows what they are doing.

go to Buenos Aires & say this nonsense, let us see how they will return u back to the zoo.

3 Likes

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by Putindbutt(m): 7:08pm On Aug 10, 2025*

AhmedPeacemaker:
Argentine President Javier Milei has achieved significant economic milestones in his first year in office.

Here are some key developments:

Reduced Inflation:
Argentina's annual inflation rate dropped from 211% in 2023 to 43.5% by mid-2025, with monthly inflation falling to 1.5% in May 2025, the lowest in five years.

Fiscal Surplus:
The government achieved a fiscal surplus in its first full month in office (January 2024) and maintained it since, reducing government spending by approximately 30% compared to the previous year.

Economic Growth:
Argentina's economy registered a year-over-year growth rate of 7.6% in the second quarter of 2025, its most robust performance in nearly two decades.

Increased Investment:
Milei's administration has attracted significant foreign investments, including a $50 billion LNG project with YPF and Petronas, and is expecting up to $15 billion in investments next year.

Reforms:
The president implemented radical economic reforms, including:

Deregulation:
Encouraging private sector growth and investment.

Privatization:
Proposing privatization of state companies to improve efficiency.

Fiscal Discipline:
Reducing public spending and eliminating subsidies.

After borrowing $20billion from world bank. Argentina is still one of the most expensive countries in Latin America with one of the lowest purchasing power.

6 Likes 1 Share

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by Putindbutt(m): 7:08pm On Aug 10, 2025

Burob:
go to Buenos Aires & say this nonsense, let us see how they will return u back to the zoo.

Lol 😂😂😂

4 Likes 1 Share

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by LagosOrigin: 7:10pm On Aug 10, 2025

Tinubu said that we should give me 16yrs to achieve a single thing

If we give tinubu 20yrs, he still won't get the country working

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by bigpriik: 7:12pm On Aug 10, 2025

he is a jew not surprised

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by SeeWahala: 8:47pm On Aug 10, 2025

destinychildolu:
He copied from Tinubu. He was one of Tinubu's students of politics

You don see where the student come Sabi book pass him lecturer before? Hahaha 🤣😂

Na so tilumbu and this Argentina president matter be 🤡

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by Arda1000(m): 9:18pm On Aug 10, 2025

destinychildolu:
He copied from Tinubu. He was one of Tinubu's students of politics

I hope you’re just being sarcastic grin

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by AhmedPeacemaker(op): 10:44pm On Aug 10, 2025

Arda1000:
I hope you’re just being sarcastic

If the Argentine President can turn the economy of his country around to good in one yea year then I believe Peter Obi can do more for Nigerians in 4 years

1 Like

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by AhmedPeacemaker(op): 10:44pm On Aug 10, 2025

AhmedPeacemaker:
If the Argentine President can turn the economy of his country around for good in one year then I believe Peter Obi can do more for Nigerians in 4 years

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by Obaaderemi2: 10:58pm On Aug 10, 2025

bigpriik:
he is a jew not surprised

Argentines are not happy with him. He's more brutal than Tinubu.
People were protesting against his hardship policies outside the parliament with police dealing with them. Inside the parliament, the lawmakers were signing more policies into law. You wouldn't want to live in Argentina right now

2 Likes

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by destinychildolu(m): 12:28am On Aug 11, 2025

Arda1000:
I hope you’re just being sarcastic

You gerrit bro

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by Obaaderemi2: 6:37am On Aug 11, 2025

This same Argentina?

The protest took place outside Congress as deputies failed to reach quorum for several bills, including proposals for pension increases and continuity of benefits for retirees.
The government of libertarian President Javier Milei, which has sought to improve the economy and tackle painfully high inflation by slashing public spending, opposed both proposals.
Milei's austerity drive has triggered weekly protests in the capital, with workers' unions and soccer fans joining retirees to protest pension cuts amid stubborn inflation and reduced public spending.

Re: Argentina's President Milei Achieved Major Economic Gains In His First Year. by Arda1000(m): 7:59am On Aug 11, 2025

AhmedPeacemaker:
If the Argentine President can turn the economy of his country around to good in one yea year then I believe Peter Obi can do more for Nigerians in 4 years

me too but tribalism is just too much in this country

1 Reply

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