IPFS News Link • Argentina
¡AFUERA! Milei Leads the Way on Slashing Bureaucracy
• FFFPromises made; promises kept. On president Javier Milei's first day in office, he made the best move he could've made.
Milei signed an executive order cutting the number of Argentinian government ministries from 18 (or 21 depending on how you count) down to nine.
The immediate proposal consolidates these ministries into a single ministry. The long-term number of bureaucratic jobs eliminated is unknown at this point, but the move signals the beginning of a large change. Recent updates also have given some specifics about what jobs will be cut.
Javier Milei's minister of economy just announced an "emergency package" of measures to completely balance the budget in 2024 equivalent to over 5% of GDP.
— Daniel Di Martino ???????????????? (@DanielDiMartino) December 13, 2023
This would be equivalent to a $1.4 trillion austerity package in a single year in the U.S. economy.
The measures include:…