🚨🇦🇷MILEI PULLS OFF A MONEY MAGIC TRICK—SURPLUS AFTER TAX CUTS
Argentina just posted a $440M surplus in March—yes, even after slashing taxes. That includes a solid $825M primary surplus, or 0.1% of GDP.
Economy chief Luis Caputo says the whole first quarter ended in the green, with a 0.2% surplus. Not too shabby for a country famous for economic chaos.
Milei’s crew cut export taxes and ditched the controversial “Impuesto PAIS,” but somehow didn’t blow the budget.
Next year’s goal? Even bigger: 1.6% primary surplus.
Turns out Milei’s weapon of choice is... spending less. And right now? It’s working.
Source: @LuisCaputoAR, @JMilei, @argmilei
