The message from the President of the Nation was recorded at Casa Rosada and represented a balance of his first year in office. But it also provided the keys to the economy that is coming.
One year after his assumption of the presidency, Javier Milei offered a speech on national television. In addition to presenting a balance in whichand highlighted the progress made in various areas, The president announced a series of measures that will mark the course of his administration in the future. What did he say about the economy?
The economic keys of Javier Milei’s speech
- Structural tax reform: The amount of national taxes will be reduced by 90%, returning their tax autonomy to the provinces.
- Elimination of the exchange rate: It was announced that the stocks will be lifted next year, through a program with the International Monetary Fund or agreements with private parties.
- Free coin competition: The use of any currency will be enabled for everyday transactions, allowing the purchase, sale and billing in dollars or other currencies. The only exception will be the payment of taxes, which will continue to be made in pesos.
- Investment promotion: Approval applications were received for investments exceeding $11.8 billion, with additional announcements in key sectors such as infrastructure, mining, energy, technology, automotive, oil and gas.
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- Elimination of tariff barriers for free trade within Mercosur.
- Reduction of the common external tariff.
- Promotion of a free trade agreement with the United States during the next year.
- Reduction of public spending: A comprehensive audit will be carried out with the objective of implementing a historic reduction in state spending, eliminating agencies, secretariats, public companies and structures considered unnecessary within the National State.
- Argentine nuclear plan: A project for the construction of new nuclear reactors and the development of advanced technologies, including small or modular reactors, will be announced soon.
Source: Ambito
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