Milei changes course: Argentina will boost social spending after austerity years

    https://www.france24.com/en/americas/20250916-milei-changes-course-argentina-will-boost-social-spending-after-austerity-years

    Posted by Aralknight

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    1. Well, he did that too in 2024 when poverty skyrocketed because of his policies in the S1. In the S2 he rose social benefits and that’s one of the main reasons poverty rates fell, as reporter by Clarin

      >La caída de la indigencia se explica, como vino informando Clarín, a la baja de la inflación pero también por el fuerte aumento de las ayudas sociales del Estado Nacional ( Gobierno Nacional, Provincias y Municipios). Por ejemplo, la AUH –que comprende a 2,5 millones de familias con 4,5 millones de chicos- pasó de $ 20.661 en diciembre de 2023 a $ 93.281 en diciembre 2024, con una suba de 351,5%, muy superior al 117,8% de inflación del año pasado. Lo mismo pasó con la Tarjeta Alimentaria y el Plan 1000 días.

      Now that he lost popularity because her sister (which he put to work for the government) was supposely taking bribes, he wants to remobilize. Turns out he is not so different from other politicians, huh?

      But it won’t work because his dollar reserves are vanishing and his overvalued peso is going to devalue fast. Neoliberalism failed again and Argentina is in for a wild ride.

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