Story perspectives

Argentina's Growth Slowdown Threatens President Milei's Fiscal Surplus

3/27/2026

Summary

Story summary

President Javier Milei of Argentina faces faltering growth that threatens the fiscal surplus achieved since December 2023.
Tax revenue has declined for seven months, with a 10% drop in February, fueling unemployment and sluggish spending.
Analysts warn the slowdown could jeopardize Milei's fiscal policies, even as a 16.1 trillion-peso primary surplus is projected for 2026.
The government pursues privatization to boost reserves because 2025 surpluses raise questions about timing.

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Story summary

President Javier Milei of Argentina faces faltering growth that threatens the fiscal surplus achieved since December 2023.
Tax revenue has declined for seven months, with a 10% drop in February, fueling unemployment and sluggish spending.
Analysts warn the slowdown could jeopardize Milei's fiscal policies, even as a 16.1 trillion-peso primary surplus is projected for 2026.
The government pursues privatization to boost reserves because 2025 surpluses raise questions about timing.