News of budget

Argentina ETF sees record inflows as traders buy Milei’s efforts

25-11-2024 20:53 An exchange-traded fund tracking Argentine stocks saw record inflows as Wall Street embraces President Javier Milei.

POLITICS – ANALYSIS

Foreign Ministry set to meet chainsaw after Mondino's failure to cut costs

05-11-2024 10:32 The now former foreign minister not only displeased President Milei, she also failed to cut costs. Mondino’s lack of budget-slashing means La Libertad Avanza’s chainsaw will now descend on the Palacio San Martín.

by Juan Pablo Kavanagh

EDITORIAL

Reducing the issue

12-10-2024 06:16 Both sides fall into the error of reducing this issue to a budget tussle without bringing up the major structural problems of university education.

ECONOMIC OUTLOOK

World Bank highlights falling inflation but warns of economic decline

09-10-2024 17:23 Latest report forecasts 3.5% contraction for Argentina's economy, but says GDP will soar by 5% in 2025.

EDITORIAL

It’s the education, stupid

05-10-2024 06:24 When presenting the 2025 Budget in mid-September, Milei defined his fundamental fiscal principle as first defining the available revenue and then adjusting the spending to it – modernising the university system to that end could be an interesting application of that principle. But instead his primitive proposal is literally to cut university spending in half with his chainsaw.

EDUCATION

Students, professors fear impact of university funding bill veto

28-09-2024 15:52 What do university staff and students want from Javier Milei’s government?

ANALYSING ARGENTINA

Milei’s Bermuda Triangle

21-09-2024 06:31 Milei’s political future lies within a triangle defined by inflation, approval ratings, and unemployment.

by Marcelo J. García

EDITORIAL

Painting without numbers

21-09-2024 00:36 Milei’s maximalist stance last Sunday might have experience in mind: the logic of only obtaining half of the requested still being a substantial gain.

Lithium in Argentina

Economic crisis thwarts bid to go nuclear with lithium bounty

17-09-2024 11:35 Currency woes dog Argentine scientists trying to develop key isotope Lithium-6, which could have nuclear applications; Milei’s spending cuts, privatisation plans are also a factor.

economy

Headline figures from Milei government’s 2025 Budget

16-09-2024 12:17 Argentina’s Economy Ministry publishes its forecasts for the coming year: 5% growth, 1,207 pesos a dollar and 18.3% inflation.

BUDGET PROPOSAL

President presents 2025 Budget, says zero deficit is a must

16-09-2024 08:07 President Milei tells Congress he will veto all laws that are not balanced with spending cuts in primetime speech.

BUDGET PROPOSAL

Milei projects inflation plunging to 18% by end-2025

16-09-2024 00:05 President Javier Milei estimates annual inflation will slow to 104.4% by the end of this year and 18.3% by December 2025, according to his first budget proposal.

BUDGET

Milei cuts Caputo, will present Budget bill to Congress

10-09-2024 18:19 President Javier Milei will present his administration's preliminary budget bill for 2025 at Congress personally on Sunday in a primetime speech.

EDITORIAL

Libertarian entrapment

31-08-2024 05:21 The paradox of a libertarian government revering the free market while unable to exit bureaucratic Kirchnerite capital controls has already drawn comment but the reduction of the PAIS tax exposes another contradiction.

POLITICS & CONGRESS

Blow for Milei: Opposition teams up with PRO to block intelligence funds

21-08-2024 23:05 In a heavy blow for the Milei government, deputies in lower house repeal decree assigning over 100 billion pesos “to boost the national intelligence system” by 156-52 vote with six abstentions.

INTELLIGENCE

Government increases budget, allocating 100 billion pesos to spy agency

23-07-2024 16:22 President Javier Milei's government raises budget, justifying move with need to "settle actions" and "reorganise the National Intelligence System."

JUSTICE SYSTEM & PRISONS

Milei slashes budget for legal centres in favour of prison spending

29-06-2024 04:25 Argentina’s Justice Ministry announces closure of 81 Centres of Access to Justice nationwide; Milei government boosts budget for the ‘Criminal Policy’ programme by 963% in move to “modernise Penitentiary Service” and “improve the situation of persons deprived of liberty."

by Agustina Bordigoni

GOVERNMENT SPENDING

Budget for Karina Milei's office boosted 219% from last year

10-06-2024 16:33 Preliminary budget data for first five months of the year indicates that funds assigned to the office of the presidential chief-of-staff has soared. Defence and security spending also high.

by Agustina Bordigoni

Marcha Federal Universitaria

Massive crowds march against Milei’s cuts to state universities

23-04-2024 21:08 Large crowds turn out nationwide for march in defence of universities and state education; One of biggest rallies yet of President Javier Milei's government, with estimates ranging from 100,000 to half a million.

EDUCATION & ECONOMY

Universities defy Milei’s spending cuts with massive march

23-04-2024 15:16 At cities nationwide, students, graduates, faculty and auxiliary staff from 57 national state-run institutions take to the streets “in defence of public and free university.”

POLITICS & ECONOMY

Juntos por el Cambio governors to back ‘omnibus’ bill, fiscal package

04-04-2024 21:35 Interior Minister Guillermo Francos and Cabinet Chief Nicolás Posse lead talks over the so-called ‘Ley de Bases,’ potentially brokering a deal to see its passage through Congress.

EDUCATION

Universities challenged: Chancellors warn Milei government money will only last until May

14-03-2024 11:44 President Javier Milei’s government is in the grip of a battle with universities over the education budget in 2024. Amid growing complaints, chancellors despair at condemnation from Casa Rosada and Presidential Spokesman Manuel Adorni.

by Giselle Leclercq

SCIENCE & TECHNOLOGY

Nobel laureates warn budget cuts are 'cancelling' research

06-03-2024 22:31 Sixty-eight Nobel laureates urge President Javier Milei to restore budgets for science and technology that have been cut under his drive to slash public spending.

LATIN AMERICA

Chile President Boric plans 3.5% spending hike, vows economic revival

29-09-2023 09:22 Chile's left-wing President Gabriel Boric says he plans to raise public spending by just 3.5Y next year, less than in 2023, as the government struggles to deliver on its key policy proposals.

ECONOMIC OUTLOOK

Budget bill sees 70% inflation, 600 pesos a dollar, 2.7% growth in 2024

16-09-2023 14:20 Economy Ministry sends draft 2024 budget to the lower house; Bill forecasts growth of 2.7% and 70% inflation.

ELECTION 2023

Massa adheres to Milei request to debate Budget bill after October election

14-09-2023 14:52 Representatives for La Libertad Avanza presidential candidate and Unión por la Patria leaders will meet to discuss postponement of 2024 Budget bill as suggested by the libertarian.

ELECTION 2023

Milei asks Massa to delay Budget introduction until after election

12-09-2023 19:56 Libertarian deputy and presidential frontrunner asks Argentina's economy minister to submit a Budget 2024 proposal after the October 22 elections, by “consensus” with the winning force.

Brazil's economy

Lula to tap ally to run Brazil statistics agency, raising concerns of its future

27-07-2023 12:21 Lula's appointment of economist Marcio Pochmann to head Brazil's IBGE statistics agency raises credibility concerns due to his controversial left-wing views and past budget cuts affecting data accuracy.

NAZI ACCOUNTS PROBE

Credit Suisse accused of hindering probe into Nazi accounts

19-04-2023 10:13 Credit Suisse accused of impeding an investigation into its historical assistance to Nazis that had revealed a number of previously undisclosed accounts, including 99 allegedly linked to German officials or Nazi-affiliated groups in Argentina.