On Wednesday, Argentine President Javier Milley declare Laying off an additional 50,000 state employees furthers his efforts to “cut the country in half.” The move is part of the president’s ongoing strategy to cut public spending and reduce the national deficit.
This latest round of cuts comes after March announcement Among them, Milei proposed cutting 70,000 jobs from Argentina’s public sector workforce, which employs about 3.5 million people. according to information baseSince the announcement in March, 25,000 jobs have been laid off.
As a result, public officials rejected the measure and some of the country’s largest unions called for protests. “We know that this plan will create social tensions. Cutting the number of ministries in half is not free,” the president said in a speech at the Latin American Economic Forum in Buenos Aires.
Since taking office six months ago, Milley has pledged to address Argentina’s serious economic problems, including inflation Growth rate has soared to a 30-year high of over 250% poverty rate Affects 57% of the population. In an effort to end the crisis, Milai cut state subsidies, devalued the currency and closed several state institutions.
However, Milley’s reform efforts face resistance in both houses of Argentina’s legislature, with his party gaining only minority support. The omnibus bill Milei introduced in December was initially blocked by Congress in February. Ultimately, a scaled-down version of his ambitious reform program Passed In late April, its scope was reduced from more than 600 articles to just 232.
The revised package now faces further challenges in the Senate, where a key vote is expected next week. Opposition senators are gathering votes to block Mire’s proposals aimed at reforming taxes and privatizing state-owned enterprises, Burundi Report.
Despite these obstacles, Argentina’s Economy Minister Luis Caputo said the bill will eventually be approved. “It’s just a matter of time,” he said explain Wednesday. “We will not deviate from the goals we set.”
