Milei announces Argentina's first budget surplus in 16 years

Argentina's spending-slashing new President Javier Milei has hailed his country's first quarterly budget surplus since 2008 as an "historic achievement." This amounted to a surplus of 0.2 percent of GDP. "This is the first quarter with a financial surplus since 2008," said Milei, referring to his left-wing rival Cristina Kirchner's first year in the presidency.

Milei announces Argentina's first budget surplus in 16 years

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Argentina's spending-slashing new President Javier Milei has hailed his country's first quarterly budget surplus since 2008 as an "historic achievement." This amounted to a surplus of 0.2 percent of GDP. "This is the first quarter with a financial surplus since 2008," said Milei, referring to his left-wing rival Cristina Kirchner's first year in the presidency.

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