Argentina’s Sluggish Economy Is Testing Milei’s Spending Cuts

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Cracks emerging in Argentina’s economic growth are now threatening one of President Javier Milei’s signature achievements: the fiscal surplus.In a country known for chronic deficits, Milei’s chainsaw-style spending cuts became a central pillar from the start of his government in December 2023. “Fiscal balance is non-negotiable,” he repeatedly proclaimed. The open question is — 18 months before the next presidential election — how much more austerity Argentines are willing to endure.