Milei says Argentina just had its first budget surplus in 16 years after

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Well, who would have guessed it?

The man who ran on slashing the government just achieved the unthinkable.

Javier Milei announced that for the first time in 16 years, Argentina’s government has a budget surplus.

It worked:

In the first quarter of 2024, the South American country recorded a budget surplus of about 275 billion pesos (some $309 million at the official rate), he told national TV late Monday.

This amounted to a surplus of 0.2 percent of GDP.

“This is the first quarter with a financial surplus since 2008,” said Milei, referring to his left-wing rival Cristina Kirchner’s first year in the presidency.

Milei, who took office in December, boasted of “a feat of historic significance on a global scale.”

Long live freedom, indeed!

When he came into office, Milei immediately cut the number of government-run ministries and departments in half. Because at least half of Argentina’s government was pointless.

And did the country fall apart? Were there riots in the street?

“If the state does not spend more than it collects and does not issue (money), there is no inflation. This is not magic,” the self-described “anarcho-capitalist” said.