Argentina’s Milei Cuts Big Government, Saves $2 Billion: A Model for Fiscal Responsibility

Argentina’s government recently announced a remarkable achievement: thanks to 65 emergency decrees issued over the past year under President Javier Milei, the country has saved an estimated $2 billion annually in government spending. These savings come primarily from sweeping reforms aimed at shrinking the state and reining in decades of bureaucratic bloat.Granted extraordinary authority by the Argentine Parliament through a one-year emergency mandate covering administrative, economic, financial, and energy sectors, Milei has aggressively targeted an oversized public sector. This mandate stems from the "Bases y Puntos de Partida para la Libertad de los Argentinos" law—known as the “omnibus law”—passed in...