Javier Mileipresident of Argentina, has advanced his economic plans for 2025, outlining a series of reforms and measures that seek to transform the country’s economy. Among its priorities are the reduction of inflation, labor reform, the elimination of taxes and the privatization of state companies.
These initiatives are part of what Javier Milei has called the “deep chainsaw”, an ambitious program of structural reforms. One of Milei’s main objectives is to continue reducing inflation.
In a recent interview, the president highlighted that, upon taking office, inflation was at 54% annually, equivalent to 17,000% annualized. Thanks to the measures implemented during his first year in office, inflation has decreased significantly, standing at 1.4% monthly, which is equivalent to 15% annually.
Milei plans to continue reducing inflation through a “crawling peg” of 2% per month plus international inflation, with the goal of achieving deflation of 1% per month. Labor reform is another of the pillars of Milei’s economic agenda.
The president seeks to reduce the costs associated with formal employment and make the labor market more flexible to encourage job creation. In addition, Milei has mentioned the need for a pension reform, although this will depend on the progress of negotiations in Congress.
Milei has promised a radical simplification of the tax system, with the elimination of 90% of current taxes. Its goal is to leave only ten essential taxes, which would alleviate the tax burden on citizens and companies, and encourage economic growth.
Measures
This measure is part of its strategy to reduce State intervention in the economy and promote a more favorable environment for investment and entrepreneurship. The president has also announced his intention to move forward with the privatization of state-owned companies.
According to Javier Mileimany of these companies operate with deficits that negatively impact public finances. Although he has not specified a timetable for these privatizations, Milei maintains that the State should not intervene in areas that can be managed more efficiently by the private sector.
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