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International Business Times

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AFP News

Milei Announces Argentina's First Budget Surplus In 16 Years

Javier Milei Argentina

Javier Milei won elections last November vowing to reduce Argentina's deficit to zero (Credit: AFP)

Argentina's spending-slashing new President Javier Milei has hailed his country's first quarterly budget surplus since 2008 as an "historic achievement."

In the first quarter of 2024, the South American country recorded a budget surplus of about 275 billion pesos (some $309 million at the official rate), he told national TV late Monday.

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