Tax Cuts, Economic Tightening Highlight Argentina’s New Agenda

  • Javier Gerardo Milei was born in Buenos Aires in 1970. The 53- year old conservative initially came in second place behind Sergio Massa in the first round, after the Peronist candidate swept the open, simultaneous, and mandatory primaries (PASO).
  • Milei’s victory in the second round most likely means Argentina will undergo a bold transformation plan that aims to remodel the South American country’s economy in three phases .
  • Under the slogan ‘Liberty Advances,’ Milei, and his vice presidential running mate, Victoria Villarruel, proposed an ambitious vision that spans from the economy to education and security.
  • In the first stage of his program, Milei would implement drastic cut in public spending and reduce taxes, and implement reforms to spark competitiveness in the commercial, financial, and labor sectors.
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