The Argentine president Javier Milei has outlined his economic roadmap for 2025 in his first message of the new year, highlighting the measures implemented during 2024 and the objectives that his administration will pursue in the year ahead.
In his speech, Javier Milei He stressed the importance of economic growth and reducing inflation as fundamental pillars to improve social indicators and consolidate a sustainable development model. Milei began his message by highlighting the achievements achieved in 2024, a year marked by exchange stability and the significant reduction in inflation.
According to official data, monthly inflation fell from an alarming 25.5% in December 2023 to 2.4% in December 2024. This drastic decrease was possible thanks to the implementation of a disciplined fiscal and monetary policy, which included a fiscal adjustment of 15% of GDP, with an impact of 95% on the political and financial caste.
The president also highlighted the importance of continuing with structural reforms to consolidate economic growth. Among the priority measures for 2025, Milei He mentioned the reduction of public spending, the elimination of taxes and the deregulation of the economy to gain freedom and encourage investment.
These actions, according to the president, are essential to continue improving social indicators and reduce poverty, which decreased from 57.4% in January 2024 to 39% in the third quarter of the same year.
In your message, Milei He emphasized the need to respect life, liberty and property as fundamental principles of his management. He criticized those who propose policies of greater public spending and inflationary monetary emission, arguing that these measures not only do not achieve their objective, but also generate long-term structural damage.
Changes
Instead, Milei advocated an economic policy based on fiscal responsibility and monetary stability, which allows for sustained growth and an improvement in the quality of life of citizens. One of the most important challenges for 2025 will be the unification of the exchange rate and the elimination of the exchange rate.
Milei and his economic team have made the commitment to carry out this process gradually, removing restrictions “layer by layer” to avoid negative impacts on the economy. The first step in this direction will be the reduction of the crawling peg from 2% monthly to 1%, a measure that is expected to be implemented in the short term.
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