Milei Wants US-Style 'Shutdown' Mechanism for Argentina
11 Articles
11 Articles
Milei Plans a US-Style "Shutdown" to Cap Argentina's Spending
Policy Key Facts —The package. President Javier Milei will send Congress a set of structural reforms to relaunch his administration. —The shutdown. A US-style mechanism would stop the executive from spending once the budget runs out, forcing the state to switch off. —The bank. A charter overhaul would criminally bar the central bank from printing […] The post Milei Plans a US-Style “Shutdown” to Cap Argentina’s Spending appeared first on The Rio…
Argentine president will present a series of bills to reform the Central Bank
The President revealed the details of the reform of the Organic Charter of the BCRA and anticipated a change of substance: he will seek to prevent the Central Bank from financing the Treasury and punish criminally those who violate the independence of the agency. What comes in Olivos and why the project already generates strong political and economic impact.
The president of Argentina, Javier Milei, anticipated this Tuesday that the reform of the Organic Charter of the Central Bank that he plans to promote will include the prohibition of issuing currency to finance the Treasury and revealed that it will also promote the creation of the mechanism of 'shutdown' or closures of the public administration.
The President met in the Fifth of Olives with his economic team to advance in the design or a mechanism of state paralysis and in the reform of the Orgnica Charter of the Central Bank
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