News of cuts

Milei confirms his ‘chainsaw’ will keep running next year

Today 15:52 “Full speed ahead,” says Argentina's president, vowing that public spending cuts will continue into 2025.

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.

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.

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.”

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.

EDUCATION

Teaching staff at public universities stage 48-hour strike

20-08-2024 12:06 Strike at state universities gets underway with no classes scheduled for Tuesday and Wednesday; Unions claim the government's wage renegotiation proposal is insufficient as Milei administration looks to cut costs.

POLITICS & SOCIETY

Gender policies hit by chainsaw in Milei’s Argentina

15-08-2024 07:45 Since assuming office on December 10, 2023, President Javier Milei’s government has slashed and eliminated programmes designed to help women suffering from violence. Among them, the elimination of a ministry, staff lay-offs and cuts to the team staffing the 144 emergency hotline.

by Juan Pablo Kavanagh

BLOOMBERG – FEATURE

Rich investors cheer Milei as Argentines bear brunt of austerity

24-05-2024 14:48 Amid Wall Street and investor optimism, critics are questioning how long Javier Milei's spending cuts can be sustained without permanently damaging the economy or fraying the social fabric.

POLITICS – ANALYSIS

The first ‘real world’ punch for Javier Milei

27-04-2024 05:00 The government’s response to the march in defence of the public university system was similar to their usual approach, but the impact wasn’t the same – the social agenda appears to have finally sided against Milei on a major issue.

by Agustino Fontevecchia

BUDGET

The spending cuts that allowed Milei to turn around the economy

23-04-2024 13:47 How did the government reach a budget surplus in the first quarter? A private study provides answers.

ENERGY

Record-breaking energy demand, power cuts amid high temperatures

01-02-2024 18:25 Argentina breaks historic energy demand as temperatures soar above 37 degrees in Buenos Aires.

POLITICS & ECONOMY

Chainsaw Plan Round 2: Government looks to deepen austerity

14-01-2024 10:19 Economy Minister Luis Caputo assures that there has been no fiscal shock so far in Argentina and that there is still room for further tightening. If President Javier Milei’s ‘Omnibus law’ does not pass through Congress, cutbacks will continue for state personnel, with cuts in overtime, the freezing of salaries, and the non-renewal of expiring contracts.

by Juan Pablo Kavanagh

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.

Economy

Brazil’s economic activity tumbles past all forecasts

17-07-2023 19:57 Brazil's economy shrank more than expected in May, but President Lula's government's reforms and anticipated rate cuts have raised investor optimism.

POWER-CUT PROTESTS

Porteños take protest to energy firm's doors after prolonged power cuts

16-03-2023 09:49 Residents renew protests across the capital and its outskirts amid prolonged power cuts. Blackouts, which have struck in the middle of an unprecedented heatwave, have left more than 100,000 homes in the dark.

News of cuts

Milei confirms his ‘chainsaw’ will keep running next year

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

Reducing the issue

It’s the education, stupid

Milei vetoes law despite huge march in support of state universities

Milei faces fresh protest in Argentina over cuts to universities

President targets rivals as he confirms he will veto university law

Economic crisis thwarts bid to go nuclear with lithium bounty

Teaching staff at public universities stage 48-hour strike

Gender policies hit by chainsaw in Milei’s Argentina

Rich investors cheer Milei as Argentines bear brunt of austerity

The first ‘real world’ punch for Javier Milei

The spending cuts that allowed Milei to turn around the economy

Record-breaking energy demand, power cuts amid high temperatures

Chainsaw Plan Round 2: Government looks to deepen austerity

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

Brazil’s economic activity tumbles past all forecasts

Porteños take protest to energy firm's doors after prolonged power cuts

Gerardo Werthein: Milei's new foreign minister once had strong ties to Kirchnerism

Argentina’s President Javier Milei to attend first Mercosur summit in Montevideo

Chile President Gabriel Boric denies sexual harassment complaint

Poland rejects EU-Mercosur deal in current form

Mascherano re-unites with Messi as new coach of Inter Miami

Cuándo cobro ANSES en Diciembre 2024: calendario de pagos para PNC, jubilados y pensionados

Habló el abogado del empresario acusado de arrollar a tres jóvenes: "Fugarse no es delito"

"Papelón... qué desastre": a Néstor Grindetti lo dejaron sin la última página de su discurso en la Legislatura porteña

Perpetua confirmada: la Corte Suprema rechazó el último recurso que presentó Nahir Galarza

Cielos Abiertos: el Gobierno habilita una nueva conexión internacional y ya son 4 en la semana