this post was submitted on 14 Mar 2024
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Prosperity Ahead (lemmy.ml)
submitted 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 5 points 10 months ago* (last edited 10 months ago)

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.