When the government cuts spending it reduces tax income so if the Government still wants to force a fiscal surplus (as Milei wants) the only way to do so is more austerity.
So either Milei Government is overthrown or external help through IMF (who also want a balanced budget) comes in or Argentina falls further and further into poverty.
What’s funny about it? It can only go up from there. Looks like elon is right.
Elon posted that before Milei was elected and AP article is what happened after.
And? It can only go up from there
Nah, it can keep getting worse, but that’s not really the point is it?
But the point is hard to argue against, so I’d prefer to talk about something else instead /s
When the government cuts spending it reduces tax income so if the Government still wants to force a fiscal surplus (as Milei wants) the only way to do so is more austerity.
So either Milei Government is overthrown or external help through IMF (who also want a balanced budget) comes in or Argentina falls further and further into poverty.