Javier Milei says that “ending inflation” in Argentina is “top priority”

The president of Argentina, Javier Mileispoke for the first time about the first measures of a “super orthodox” austerity plan that his government presented this week and whose “top priority” is to “end the inflation”.

Mileia 53-year-old ultra-liberal who took power on Sunday, made a live broadcast on social networks to present from the presidential office a raffle to deliver his last salary as a parliamentarian, as he did during the two years he held office.

”We are totally dedicated to ending inflation, ending hyper. Hence, we made a super orthodox program to end the fiscal deficit and bring the financial deficit to zero,” said the president.

The austerity plan included a devaluation of 50% of the Argentine peso and plans a strict reduction in spending, with the elimination of subsidies for transportation and energywith the objective of removing the country from its fiscal deficit.

”My top priority is to end hyperinflation, today inflation in Argentina travels at 1% daily, that means that inflation is traveling at 3,678 annually,” he said. Milei in relation to his own annual inflation projectionwhich as of November 2023 stands at 160.9% year-on-year.

“We are making an enormous effort,” the president remarked, ensuring that tax measures imposed on the private sector would be “transitory.”

“Once we adjust the economy, we are going to start putting an end to all those things that libertarians don’t like,” he said, referring to the increase, for example, in the export tax and the proposal to reinstate a tax on profits.

Mileiwho during the campaign brandished a chainsaw to symbolize his idea of ​​cuts, reduced the size of the State and put a stop to public works.

The Instagram broadcast was tuned in by more than 100,000 users. Among those present at the Casa Rosada presidential palace was his sister and presidential secretary, Karina. Milei, along with other members of his team and a notary public who supervised the draw.