Food and goods consumption in Argentina suffered a contraction during 2024, as a result of the economic measures implemented in the first year of President Javier Milei's administration, aimed at stabilizing the economy. teleSUR
Category
🗞
NewsTranscript
00:00The president of Argentina, Javier Millet, during his first year in office pursued economic
00:04adjustments reaching the highest national budget attrition the nation has experienced
00:09in 25 years.
00:10The Ibero-American Center for Research in Science, Technology and Innovation accounted
00:15on a briefing the budget's depletion in this sector for over 30 percent, while the
00:19one for education fell by over 45 percent in comparison to the 2020 and 2023 terms.
00:26Furthermore, the gross domestic product has been reduced below the minimum standard values,
00:30even lower than in the previous administration.
00:33State agencies have been affected, mainly in wages, generating a strong social rejection
00:38to Millet's policy, which has caused thousands of layoffs of public workers, closure of strategic
00:43companies, among other setbacks.