The count of households benefiting from subsidies in Argentina has decreased by approximately three million since December 2023, coinciding with the commencement of President Javier Milei’s administration. At present, there are 2.1 million fewer households benefiting from electricity support and 900,000 fewer receiving assistance for piped natural gas in comparison to the beginning of the … Read more
Argentina’s workforce has been evolving over the past two years: a decline in the number of young individuals entering the job market, coupled with an increase in retirees returning to work to supplement their income. The trend, as detailed by the Instituto Argentina Grande in its recent report, is progressing at two distinct speeds. The … Read more
Alejandro Lamas notes that dollar bills can become surprisingly damp and odorous after being tucked away under a mattress for years. He has accumulated numerous stacks from Argentines to whom he has sold used cars over the years, making him somewhat of a connoisseur. Present him with a fake, and he can discern its authenticity … Read more
In recent weeks, the state-run National Meteorological Service (SMN, by its Spanish acronym) has faced significant threats of substantial cuts mandated by Deregulation and State Transformation Minister, Federico Sturzenegger. The administration of Javier Milei has already cut 200 positions at the SMN as part of its strategy to downsize the government. A representative characterized this … Read more
Generalized layoffs have emerged as a focal point of criticism regarding Javier Milei’s economic program. Since the libertarian economist assumed office with the commitment to eradicate inflation and “chainsaw” what he deemed an excessive state, over 300,000 formal jobs have been eliminated. In two separate speeches this week, the president asserted that his government “created … Read more
Cabinet Chief Manuel Adorni and his fellow Cabinet ministers are currently receiving a gross monthly salary of 7,272,091 pesos, approximately US$5,210, as a result of a decree enacted by President Javier Milei. The data originates from a government report, which Perfil obtained through a request submitted under Law 27,275 (Access to Public Information). This report … Read more
The United States Congressional Research Service, a nonpartisan public policy research institute within the U.S. Congress, released a report last Friday suggesting that lawmakers legislate “specific limitations” on the fund used to carry out bailouts similar to the one Argentina received. The conclusion is part of a brief authored by two economists regarding the Exchange … Read more
President Javier Milei declared from Israel midweek that his administration will submit an electoral reform bill to Congress which, among other modifications, will abolish the PASO primaries. The proposed reform is set to fundamentally transform Argentina’s electoral landscape. In addition to modifications in political financing, the proposal would implement the ‘Ficha Limpia’ or “clean slate” … Read more
The development of a major oil field in Argentina’s thriving Vaca Muerta shale area is expected to advance thanks to President Javier Milei’s massive investment incentive package. The privately held driller Pluspetrol SA announced that it would expedite Bajo del Choique-La Invernada production under Milei’s so-called RIGI project, which was expanded to include shale oil … Read more
An appeals court in Argentina has authorized President Javier Milei’s administration to advance with its contentious labor reform, reversing an injunction that had halted it at the behest of the CGT labor federation. The National Labour Appeals Court of Argentina has determined that the reform is constitutional, a finding that faces significant opposition from both … Read more