Millay cited polls showing Argentines are more optimistic about their economic future. (File)
Argentina's President Javier Millay plans to lay off 70,000 government workers in the coming months, showing how the liberal chainsaw-like approach is set to cut through a bloated nation , one of the clearest signs yet.
In addition to layoffs, Milley boasted at Tuesday's event that she had frozen public projects, cut off some funding to local governments and canceled more than 200,000 social welfare programs, which she labeled as corrupt. It's all part of his strategy to achieve fiscal balance at all costs this year.
“There are a lot of blenders,” Millay said in an hour-long speech at the IEFA Latin America Forum in Buenos Aires, citing the 276% annual decline in wages and pensions due to inflation. “There are many other chainsaws out there.”
Although he represents a small portion of Argentina's 3.5 million public sector workers, Millei's job cuts are bound to face further opposition from the country's powerful trade unions, which could jeopardize his high approval ratings. There is sex. Unions representing some government workers went on strike on Tuesday, while a government report said private-sector workers had suffered their worst decline in at least 30 years since he took office in December. He detailed that he suffered a loss of one month's wages.
Leaders of the state trade union ATE immediately hit back at X, announcing a national strike without providing further details.
Millay cited polls showing Argentines are more optimistic about their economic future, while recent indicators of public trust in the government have risen despite austerity measures. Stated.
“People have hope. There is light at the end of the tunnel,” Millais concluded.
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