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Javier Milei eliminates half of Argentina's government ministries on first day as president

THE CHAINSAW PLAN

News in Brief—News Headlines | Comments | December 11, 2023

Javier Milei, Argentina's new libertarian president, has wasted no time amputating various bureaucratic tentacles.

Within hours of being sworn into office on Sunday, Milei made good on his vow to take a "chainsaw" both to government spending and to what he called his country's "political caste," signing an executive order to cut the number of government ministries from 18 to nine.

Argentina is suffering 143% annual inflation. Four in 10 Argentines are living in poverty. The country has a trade deficit of over $43 billion and a $45 billion debt to the International Monetary Fund, reported the Associated Press. More...

Javier Milei, Argentina's new libertarian president, has wasted no time amputating various bureaucratic tentacles.

Within hours of being sworn into office on Sunday, Milei made good on his vow to take a "chainsaw" both to government spending and to what he called his country's "political caste," signing an executive order to cut the number of government ministries from 18 to nine.

Argentina is suffering 143% annual inflation. Four in 10 Argentines are living in poverty. The country has a trade deficit of over $43 billion and a $45 billion debt to the International Monetary Fund, reported the Associated Press.

Read next: Argentina president Javier Milei calls Mark Carney part of a Bureaucracy of "Parasites"

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