Argentina

Katarina Hall | 3.28.2024 2:08 PM

Argentine President Javier Milei announced his plans to slash 70,000 government jobs in an effort to shrink government expenditure and reduce the national deficit to zero. The cuts are part of his broader strategy to achieve fiscal balance at any cost.

Milei announced the cuts during his closing speech at the International Economic Forum of the Americas in Buenos Aires this week.

Over 50,000 of Argentina's approximately 3.5 million public sector employees have already been dismissed, but more cuts were on the way. According to a statement by the presidential office, the remaining 70,000 new job terminations will proceed in stages, with at least 20........

© Reason.com