News of spending

Experts say Argentina’s dollar thirst could open door for illegal funds

06-05-2025 12:26 Experts raise concerns about legal and tax consequences of using undeclared money after Economy Minister Luis Caputo urged Argentines to take their dollars out and "remonetise" the economy – without having to answer questions.

by Eugenia Muzio

Towards a smarter state

29-03-2025 06:11 The libertarian government seems intent on cutting back a bloated state to its right size without having any clear idea what that size might be.

by Michael Soltys

Argentines spend most dollars since 2018 on strong peso policy

11-02-2025 12:29 Argentines are spending the most amount of dollars in years as they cash in on a strong peso.

Argentina’s rich neighbours cut back on visits due to strong peso

28-01-2025 09:38 Tourists visiting from Uruguay and Chile fell at least 30% in December from a year ago, according to INDEC.

Yáñez gives up state security detail amid NYE dinner furore

05-01-2025 10:26 Former first lady Fabiola Yáñez renounces state security detail that was strengthened in wake of her gender violence allegations against ex-president Alberto Fernández; Milei and Bullrich had criticised her use of proection officers, revealing it had cost state at least US$147,000 since last August.

Milei confirms his ‘chainsaw’ will keep running next year

27-11-2024 15:52 “Full speed ahead,” says Argentina's president, vowing that public spending cuts will continue into 2025.

Congress opens session on Milei's veto of university funding bill

09-10-2024 12:32 Argentina's lower house Chamber of Deputies will on Wednesday decide if President Javier Milei's veto of a law allowing greater funding to state universities will be upheld.

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.

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

Social indicators cast doubt over Milei's 'catastrophe' averted claim

04-07-2024 13:09 President Javier Milei recently stated that the government’s social policy is “extremely good” and it had help prevent a “catastrophe.” Yet the government's own data and reports produced by private institutions indicate most social indicators have recorded a step backwards since he took office.

by Agustina Bordigoni

Like a bad movie: Argentina's culture industry suffers under Milei

20-04-2024 07:39 President Javier Milei's 'chainsaw' cutbacks are threatening Argentina's Oscar-winning film scene, publishing industry and music industry.

UBA students and teachers demonstrate against Milei's cutbacks

19-04-2024 10:25 Students and teachers of the University of Buenos Aires protested with public classes in the street and symbolic embraces of buildings against the government’s drastic austerity.

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

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.

IMF authorises US$4.7 billion loan tranche, says Milei will remove currency controls

01-02-2024 18:25 International Monetary Fund signs off on fresh loan disbursement and reveals Argentina will lift currency controls this year – though it warns political and social unrest may lie ahead.

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

Massa's gradual approach versus Milei's radical plans

24-10-2023 13:58 Presidential candidates, set to face off in a run-off election on November 19, have diametrically opposing views on everything from economic to foreign policies, and most notably on the size and role of the state..

Argentina buys four Norwegian aircraft to patrol South Atlantic

19-10-2023 00:21 Defence Minister Jorge Taiana announces purchase of four P3 ORION aircraft to be used for vigilance and search and rescue missions in the South Atlantic.

by Cecilia Degl'Innocenti

How Javier Milei would cut Argentina spending by 14% of GDP

25-09-2023 09:15 Javier Milei’s fiscal belt tightening would focus on slashing expenditures on subsidies for utility bills, like gas, electricity and water, as well as federal government transfers to poor provinces.

Rodríguez Larreta plans spending cuts to help peso

13-07-2023 15:51 Juntos por el Cambio presidential hopeful plans to cut spending by 4% of GDP; Move intends to allow peso to weaken gradually to level between official and parallel rates, reveals Lacunza.