Economic Indicators

Argentina markets cheer Milei’s zero deficit budget

09/16/2024

Less than a minute

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.

09/16/2024

Less than a minute

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