Javier Mileithe president of Argentina, has reaffirmed his commitment to fiscal adjustment policies by 2025, using the “chainsaw” metaphor to describe his approach. This term, which has been a recurring symbol in his rhetoric since his election campaign in 2023, represents his promise to cut public spending and reduce the fiscal deficit.
In a recent message on his social networks, Javier Milei declared: “I confirm that I will continue fully with the chainsaw… LONG LIVE FUCKING FREEDOM!” Since taking office at the end of 2023, Milei has implemented a series of drastic measures to reduce the size of the state and control public spending.
These measures include suspending public works projects, reducing and eliminating dozens of state departments, suspending discretionary funding to provinces, deregulating prices, eliminating subsidies for public services, and laying off more than 30,000 employees. state.
The approach of Milei He has been described as a “chainsaw” due to his aggressiveness and determination to cut public spending. In his message, Milei explained that he was working on his speech for the Delivery of Sabers by the Argentine Federal Police when he started thinking about government measures for 2025.
He confirmed that he will continue with his approach to fiscal adjustment, reaffirming his commitment to economic freedom and reducing the size of the state. One of the main reforms that Milei plans to implement in 2025 is a comprehensive tax reform.
The goal is to simplify the tax system and reduce the number of taxes to five or six. Currently, there are 155 different types of taxes in Argentina, according to a study by the Argentine Institute of Fiscal Analysis (IARAF).
Taxes
However, six taxes represent 83% of the country’s consolidated tax collection. The government’s intention is to have the project advanced so that Milei can present it to Congress in the opening speech of ordinary sessions of 2025, on March 1.
In addition to tax reform, Javier Milei It also plans a pension reform that will include the elimination of special regimes. The official assessment is that, if all privilege regimes were abolished, the minimum retirement could be tripled. Currently, the minimum pension is $259,600, but with the elimination of these regimes, it could increase to $778,800.
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