(Crankers) President Javier Milei reports that Argentina has balanced the budget so well, that their deficit has been reduced to zero. This is the first time in over 100 years, according to a report syndicated on MSN:
The International Monetary Fund (IMF) revealed data showing a drastic turnaround, starting in 2023, in Argentina’s budget balance in relation to its GDP. The nation’s deficit has reached effectively zero for the first time in over 100 years. Musk and entrepreneur Vivek Ramaswamy are set to lead the Department of Government Efficiency under the next administration.
“The deficit was the root of all our evils—without it, there’s no debt, no emission, no inflation,” Milei said in a Wednesday announcement. “Today, we have a sustained fiscal surplus, free of default.”