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Argentine President Javier Milei announced on Monday evening that, for the first time since 2008, Argentina registered a 0.2 percent surplus of its Gross Domestic Product during the first quarter of the year.Milei addressed the nation in a national broadcast accompanied by Economy Minister Luis Caputo and the president of the Argentine Central Bank Santiago Bausili.
“The fiscal surplus is the cornerstone from which we build Argentina’s new era of prosperity,” he declared. “We had a deficit of five points of the GDP in the Treasury and a financial deficit of another ten points in the Central Bank,” Milei said. “We had an exchange rate gap of almost 200 percent between the official dollar and the free dollar and a monetary surplus similar to the one we had before the“In addition to this, we had an unrecognized debt with importers for more than 50 billion dollars and a debt in pesos for the equivalent of 90 billion dollars,” Milei continued.
“Today we can affirm without a doubt that, despite the opposition of a large part of Argentina’s economic and political establishment, despite those who systematically question our ideas,” Milei said, “and despite those who directly proclaim our failure to return to power, the government was right and our plan is working.”
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