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Argentina’s liberal leader said he would “keep moving forward” with his radical economic policies.
Argentina’s liberal president, Javier Millay, has vowed to continue pursuing his policies of radical economic liberalization, with or without support from Congress.
In a State of the Union-style address to lawmakers on Friday, Milley said she would “continue to push forward” with sweeping economic reforms aimed at shaking the country from decades of dysfunction and decline.
“We will use every legal resource of the executive branch, with or without the support of our political leaders, to change this country forever,” Milley said.
“If you seek conflict, you will find conflict.”
Millais imposed a challenge on parliament after MPs rejected an omnibus reform bill last month, despite tough negotiations with opposition parties cutting the number of reforms by nearly half.
In more conciliatory remarks to local governors, Milley called for a 10-point “social compact” that would overhaul the framework for allocating tax dollars between the federal government and the states.
Milay, who won by a landslide in a November runoff, began her term by devaluing the peso by more than 50 percent, cutting state subsidies for fuel and transportation, cutting the number of ministries in half and eliminating hundreds of regulations. did.
The country’s government claims it has been praised for tentative signs of economic recovery, including the first monthly budget surplus in 12 years and an increase in foreign exchange reserves.
But soaring inflation and Prime Minister Milai’s austerity measures are weighing heavily on Argentineans, sparking strikes and protests.
Mr. Millay, a self-proclaimed anarcho-capitalist who vowed to restore the dynamism of Argentina’s “golden age” in the early 20th century, took office warning Argentines to prepare for a “shock adjustment” to rebuild the economy.
“I ask for your patience and trust. It will take some time before we start to see the fruits of the economic restructuring and reforms we are implementing,” Milley said in a speech on Friday.
Argentina, Latin America’s third-largest economy, has been stumbling through economic crisis for decades, plagued by massive debt, widespread poverty and triple-digit inflation.
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