Argentina: Milei Promises 3200 Reforms in 2025
Argentina's president gave a big interview to Forbes
Inflation is at its lowest, and 3200 reforms are in the plans. Such will be the year 2025 for Argentina, said its president Javier Milei, recently interviewed by local Forbes publication.
Milei summarizes his first year in government: “We have done what I promised in the election campaign: reduce inflation, free the economy from many restrictions, carry out structural reforms, and on the international front unite with the United States and Israel,” and in the economy, “the largest financial adjustment in human history” has been achieved.
The president also explains that he has canceled $35 billion dollars in debt in one year and that he is targeting 1.5% inflation, while deregulation will continue: “We have implemented 800 structural reforms. Every day we eliminate regulations. That was the first stage, and now came the deep chainsaw. We’ve made the first big cut, and now we’re going to go deeper, which means not only deregulation and removing these obstacles, but also involves a new reform of the state. This year we moved up 70 spots in economic freedom. And we have only implemented a quarter of the reforms, we still have 3200 unfinished. My dream is to make Argentina the freest country in the world.”
Regarding international relations, Milei confirms that the goal is a free trade agreement with the United States, and as for the EU – MERCOSUR agreement, he explains: “I am currently president of MERCOSUR, and I have proposed that each country should have the freedom to negotiate free trade agreements. Otherwise, MERCOSUR will become a burden, and we need to trade, not shut down. In essence, it did not work as a trade facilitation tool. I am talking not about leaving MERCOSUR, but about changing the terms of our relationship because we are harming each other. Under this program, we will move forward on a free trade agreement.”
The libertarian president confirms: “We will continue to eliminate regulation, privatize and eliminate about 90% of taxes, not revenue, which will lead us to a system of no more than six taxes.”
