Economic Indicators

Argentina markets cheer Milei’s zero deficit budget

2024.09.16 10:57

© Reuters. FILE PHOTO: Argentina's President Javier Milei speaks at a business event, in Buenos Aires, Argentina June 5, 2024. REUTERS/Agustin Marcarian//File Photo

BUENOS AIRES (Reuters) – Argentina’s stock index was up over 1.6% in early trading on Monday, as markets reacted positively to the government’s ambitious 2025 budget proposal.

Bonds were edging up a day after President Javier Milei told Congress he would defend his government’s budget draft and said he would veto any bills that threaten it in order to protect fiscal balance.



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