09/28/24

Permalink Poverty in Argentina exceeds 50% amid Milei's austerity measures

The far-right president has been tackling inflation through severe spending cuts, which have led to widespread poverty. | Argentina’s poverty rate has surged to nearly 53% in the first six months of President Javier Milei’s term, marking the highest level in two decades. The government reported 3.4 million people have fallen into poverty this year, reflecting the impact of Milei's far-right austerity measures. Since assuming office in December, Milei has drastically reduced public spending to control chronic inflation and eliminate the budget deficit.

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