Thanks Reinhard

Argentina’s Javier Milei is racking up some solid wins, with the fiscal basketcase seeing its first monthly budget surplus in 12 years.

Apparently it took Milei just 9 and a half weeks to balance a budget that was projected at 5% of GDP under the previous government. In US terms, he turned a 1.2 trillion dollar annual deficit into a 400 billion surplus. In 9 and a half weeks.

How did he do it? Easy: he cut a host of central government agency budgets by 50% while slashing crony contracts and activist handouts

https://www.profstonge.com/p/javier-milei-ended-a-dc-sized-deficit?