News of austerity

Sturzenegger presses ahead with his war against ANMAT drug regulator

15-05-2026 10:33 Argentina’s deregulation and state transformation minister is locked in a conflict with oversight bodies. Among his main targets: the ANMAT food and drug regulatory agency.

Marcha Federal Universitaria

Tens of thousands demonstrate against Milei cuts to university budgets

12-05-2026 21:48 Fourth ‘Marcha Federal Universitaria’ draws large crowd in capital, rallies in several cities nationwide; Protesters slam cutbacks to sector as MIlei government announces further reductions are on the way.

ENVIRONMENT & CLIMATE

Meteorologists warn lay-offs affecting timely weather alerts

09-05-2026 12:30 Employees and scientists at the National Meteorological Service denounce “hollowing out” of agency, which they puts at risk the supply of accurate climatological data.

POLITICS

From chainsaw to pay rise: Ministers cash in despite Milei's austerity drive

09-04-2026 13:33 Government decree lifts top officials’ wages to over eight million pesos a month, fuelling debate over austerity promises; Salary surge contrasts with Javier Milei’s pledge to cut political privilege.

by Gustavo Winkler

Economic indicators

Poverty fell to lowest since 2018 under Milei

31-03-2026 19:05 Poverty in Argentina fell to the lowest level since the first half of 2018 in another victory for President Javier Milei.

ANALYSIS: SHOCK THERAPY

Sluggish economy is testing Milei’s spending cuts

26-03-2026 13:25 Eighteen months out from the next presidential election, every additional peso of austerity is more socially and politically expensive for President Javier Milei.

ELECTION 2025: ANALYSIS

Guillermo Oliveto: Milei’s austerity has created a ‘dual society’

23-10-2025 12:34 Voters are asking themselves “for what purpose and for how long” they should tolerate President Javier Milei’s austerity plan, says economist.

Uruguayan politics

Uruguay’s finance minister shuns chainsaw for modest tax hikes

10-09-2025 15:50 Orsi government lays out plans to lower budget deficit through tax increases early in its term to avoid politically contentious spending cuts or additional levies later down the line.

ANALYSING ARGENTINA

The endogenous crises of Javier Milei

06-09-2025 07:13 The crises the government is suffering from are endogenous – their origin lies in Milei and his team’s decision to fly solo with their economic and political strategies.

by Marcelo J. García

SPORT CLUBS

Milei's 'chainsaw' austerity slashes through sports clubs

01-09-2025 17:33 National club survey consulting 325 institutions from all of Argentina's provinces highlights the paradox affecting Argentine sport: more social demand and fewer resources. Táctica’s research shows four out of ten clubs are worse off than in 2023.

FILM & CINEMA

Argentine cinema enjoys a moment at Venice despite cuts

01-09-2025 14:22 Five productions at glittering film gathering are at the least co-produced by Argentine studios, but experts warn that doesn’t tell the whole story of a sector facing a “perfect storm” that has left production “virtually at a standstill.”

MILITARY & DEFENCE

Crisis in Armed Forces as poor salaries lead to exodus

30-08-2025 07:58 Some 2,200 members of the Armed Forces have resigned this year. The Navy has been hardest hit, with some receiving monthly pay-cheques below 600,000 pesos.

Chainsaw hits football

Fútbol para pocos: Milei decides 2026 World Cup won’t be on public TV

27-08-2025 13:45 For the first time in 52 years, Argentina’s government has confirmed that it will not be buying the broadcasting rights to the 2026 World Cup in the United States, Mexico and Canada and broadcasting it free-to-air. The move – which saves an estimated US$7 million – forms part of austerity for state media.

POLITICS

Pensioners on the frontline of politics

23-08-2025 06:44 It has become a Buenos Aires tradition – each Wednesday, baton-wielding riot police violently confront pensioners protesting against President Javier Milei’s policies.

POLITICS & CULTURE

Twist in Homo Argentum tale – Milei’s new fave film did get state funding

22-08-2025 10:56 President’s praise for Guillermo Francella’s new movie collides with revelations that the blockbuster received support from Buenos Aires City government.

Politics

Kicillof tells voters to express ‘anger against austerity’ in vote

15-08-2025 10:27 Buenos Aires Province Governor Axel Kicillof calls voters to express their “anger against austerity” at the ballot box next month.

LAY-OFFS: WHERE AUSTERITY HITS

Correo Argentino, ARCA, Trenes Argentinos top redundancy rankings

15-07-2025 11:06 President Javier Milei put deregulation tsar Federico Sturzenegger in charge of cuts across state agencies. The official left almost no area untouched – among state-owned companies, Correo Argentino saw the highest number of lay-offs, with 4,945 jobs cut.

HEALTH & ECONOMY

Workers at top children's hospital strike over pay, budget cutbacks

25-06-2025 17:47 Workers at the Garrahan Children's Hospital in Buenos Aires protest against government policies, demanding improves wages and budget for the prestigious paediatric institution.

ANALYSIS: SHOCK THERAPY

Milei’s cuts are making credit harder to collect in Argentina

04-06-2025 10:30 Just over a year and a half since Javier Milei took office, businesses and households are under strain from stagnant wages and lingering inflation.

PUBLIC SECTOR EMPLOYMENT

Milei has cut 48,000 public-sector jobs since taking office

28-05-2025 10:18 President’s chainsaw slashes public-sector employment; Staff numbers have fallen 9.6% over the last 17 months, says Argentina’s government.

POLITICS & LABOUR

Milei sets end of inflation timeline amid union unrest

30-04-2025 21:13 CGT stages pre-May Day march to reject austerity policies; President Milei declares his government “best in history,” vows end to inflation by mid-2026.

POLITICS – ANALYSIS

Milei launches new economic phase, with nod to middle class

11-04-2025 23:56 Casa Rosada expresses satisfaction as alignment with Trump bears fruit and secures an unprecedented initial disbursement from the International Monetary Fund.

ECONOMIC CHANGES

Milei ends 'cepo' as IMF board approves US$20-billion bailout

11-04-2025 23:32 Milei declares "cepo is gone for good" as IMF unlocks US$12 billion in immediate funding and Argentina lifts capital controls in 48-month US$20-billion programme.

BLOOMBERG - ANALYSIS

Poverty falls sharply as prices cool under Milei

31-03-2025 17:02 About 38.1% of Argentines fell under the poverty line in the second half of last year, according to government data published Monday.

VIOLENT PROTEST

Journalist in critical condition after violent anti-Milei protest

13-03-2025 14:48 Police have released 114 of the 124 individuals arrested at Wednesday's pensioners protest outside Congress; Severely injured photojournalist Pablo Grillo recovers from a "life-saving" surgery after being shot by a projectile in the head.

FOOTBALL & POLITICS

Football fans put rivalries aside to stand up for pensioners

13-03-2025 00:39 As this week’s protest against President Javier Milei's government proves, supporters are willing to put aside their differences to fight a perceived injustice.

by Dan Edwards

IMF DEBT TALKS

Milei says IMF deal will wipe out inflation

09-03-2025 09:04 President Javier Milei says new IMF programme is a move to "exterminate inflation" in Argentina.

BLOOMBERG - ANALYSIS

Milei back in Davos after racking up victories in Argentina

21-01-2025 09:39 Argentina's president has achieved what few considered possible just a year ago. Will he be able to overcome even bigger challenges in 2025?

ECONOMIC INDICATORS

Argentina posts fiscal surplus after Milei’s budget cuts

17-01-2025 18:49 President Javier Milei made good on his promise to deliver a fiscal surplus in his first year, achieving a feat not seen in over a decade in Argentina’s deficit-prone economy.

DEBT REPAYMENTS

Official says country made payments on sovereign debt

09-01-2025 11:38 Finance Secretary Pablo Quirno said on a post on X Thursday morning that Argentina's government has made debt payments to international bondholders.

Marcha Federal Universitaria

Milei vetoes law despite huge march in support of state universities

03-10-2024 01:09 President Javier Milei has made good on threats to veto proposed increases to university funding, with the measure made official early Thursday after a day of major student-led protests.

Marcha federal universitaria

Milei faces fresh protest in Argentina over cuts to universities

02-10-2024 22:31 Public university staff and students take to streets to protest against Milei’s forthcoming veto of a bill that would raise salaries to compensate for sky-high inflation.

POLITICS & ECONOMY

President targets rivals as he confirms he will veto university law

02-10-2024 20:22 President responds to mass demonstration in favour of state universities by confirming he will veto new law; Head of state ramps up rhetoric, namechecking rivals and accusing them of forming “new populist left front.”

CULTURE & POLITICS

City Hall boots Telerman out from Teatro Colón top role

28-08-2024 23:06 Among the motives, strong differences between the ex-City mayor Telerman and Culture Minister Gabriela Ricardes; Mayor Jorge Macri’s request for austerity.

by Claudio Corsalini

POLITICS & ECONOMY

Milei dials back shock therapy to keep Argentina’s inflation in check

12-07-2024 12:44 President Javier Milei is tapping the brakes on his shock therapy programme in a bid to hold on to popular support amid Argentina’s bleak economic reality.

ECONOMIC INDICATORS

Milei’s austerity plan pushed Argentina into recession in first quarter

24-06-2024 17:42 Gross domestic product fell 2.6% compared to the fourth quarter of 2023, according to official government data published Monday. Activity contracted 5.1% from a year earlier.

INTERNATIONAL MONETARY FUND

IMF urges increased assistance for Argentina’s poorest

06-06-2024 15:37 Fund’s chief spokeswoman Julie Kozack warns that Milei’s economic adjustment “should not fall disproportionately on working families.”

UTILITIES & SUBSIDIES

Milei begins to slash energy subsidies for low-income sectors

06-06-2024 11:59 Low-income homes will see the energy cost of their utility bills double on average in June, while middle-class families could see prices rise 155%.

POLITICAL INTERVENTION?

Pope Francis warns against imposing debt burden on ordinary people

05-06-2024 16:46 Argentine pontiff, speaking before an audience that included former economy minister Martín Guzmán, says “no government can demand its people suffer deprivations incompatible with human dignity.”