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| MILEI 2024
Destroyed inflation, from 25% (monthly) to 2.8% Poverty fell from 55.5% to 36.8% Homelessness fell from 20% to 8% Debt was reduced from 99.5% to 45% of GDP. From 6 points of GDP fiscal deficit to 1 point of surplus. Financial deficit from 15 points of GDP to 0. Dollar from $1500 to stability around $1100. Lowered the country import Tax (about 30%) to ZERO. Reforms such as the Bases Law and DNU the biggest of the history of Argentina. He threw out 35 thousand State subsidiaries. AFUERA, removed 15 ministries and more than 50 organizations that were useless, among them the Ministry of Women.
MY PRESIDENT
@waifu «Poverty fell from 55.5% to 36.8%» really? Cool! But how? Didn't think such reforms, it short terms, can have positive effect on poverty
@MrClon@lor.sh Greatest factor is inflation, inflation is a silent tax, and it affects the poor the most since it's a slow devaluation of money and since they live with the minimum they have no chance to save, the money disappears in front of their eyes. Second factor is the government cuts on the size of the state, since we have financial surplus, the government can remove taxes, which makes products to lower in price, so poor people can access them more easily. Third is increment of wages, which is a consequence of several factors, but it has been seen that wages in the private sectors have increased faster than the inflation rate, sometimes even +10%, so a month you'd have 2% inflation, but your wage went up 3% as an example.