Argentina President Milei: First quarterly budget surplus since 2008 'heroic effort'

"The fiscal surplus is the cornerstone from which we will build the new era of prosperity in Argentina."

Published: April 24, 2024 8:36am

Updated: April 24, 2024 8:36am

Argentina President Javier Milei has presided over the nation's first quarterly budget surplus since 2008.

"Zero deficit isn't just a marketing slogan for this government, it is a commandment," Milei said in a speech on Monday evening. "The fiscal surplus is the cornerstone from which we will build the new era of prosperity in Argentina."

Milei hopes reducing spending will help curb inflation.

According to reports, the budget surplus first the first quarter is about 275 billion pesos (some $309 million at the official rate).

"It is the last stretch of a heroic effort," Milei said on Monday. "We have already travelled more than half of the way."

Unlock unlimited access

  • No Ads Within Stories
  • No Autoplay Videos
  • VIP access to exclusive Just the News newsmaker events hosted by John Solomon and his team.
  • Support the investigative reporting and honest news presentation you've come to enjoy from Just the News.
  • Just the News Spotlight

    Support Just the News