Overview
- In his State of the Nation address in Congress, the president outlined further deregulation, tax changes and a broader opening of the economy with continued fiscal restraint to contain inflation.
- The package extends beyond economics to proposed changes in criminal law, the electoral system, education, the judiciary and defense, according to his remarks.
- Proceedings turned combative as opposition deputies interrupted repeatedly and Milei shouted back, labeling critics "thieves," "corrupt" and "parasites."
- The government credits subsidy cuts, public‑sector layoffs and a freeze on public works with delivering the first budget surplus in 14 years and a sharp drop in inflation.
- Reporting highlights a deep downturn with more than 21,000 companies closed since his inauguration, unions citing about 300,000 job losses, and roughly 40% of workers in informal employment.