At the recent IDEA Colloquium, Federico Sturzenegger, Minister of Deregulation and Transformation of the State, announced that the Government of Javier Milei is ready to implement a “deep chainsaw” in the Argentine economy. This term, which has generated great controversy, refers to a series of drastic measures aimed at reducing public spending significantly.
Federico Sturzenegger He assured that the Government has managed to reduce the total expenditures of the national State by 30% in just ten months, highlighting that Argentina is the only country that has achieved such a reduction without being in a context of war.
During his speech, Sturzenegger He was clear and direct with the businessmen present at the event. “Don’t ask us to lower taxes, ask us to lower spending,” he said, stressing that the only sustainable way to reduce the tax burden is through a decrease in public spending.
This statement reflects the position of the Milei Government, which has prioritized the reduction of the fiscal deficit and the restructuring of the State as fundamental pillars of its economic policy. The minister also called on businessmen to send all the “indignities” that the State inflicts on them, with the aim of identifying and eliminating unnecessary regulations that hinder economic growth.
“My ideal colloquium is when it is irrelevant for officials to come here,” Sturzenegger said, challenging the audience to support the public spending reduction exercise. The “deep chainsaw” is not just a metaphor, but a series of concrete actions that the Milei Government has implemented and plans to continue.
Among the measures already adopted include significant cuts in areas such as education, health, science and culture. The national education budget reportedly suffered a 40% reduction in real terms this year, an unprecedented cut in the last 40 years of democracy.
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These adjustments have generated protests and criticism from the affected sectors, but the Government defends the need for these measures to achieve fiscal balance and promote long-term economic growth.
Federico Sturzenegger He also mentioned that the Government has implemented a new budget design methodology that protects fiscal balance, regardless of the economic scenario.
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