In January, the largest real year-on-year cut in public spending in the last 30 years took place. Retirements, energy subsidies and transfers to the provinces were the hardest hit.
Interest expense increased 26% in real terms compared to the same month last year. The fiscal deficit became a fiscal surplus of $518.4 billion. "The chainsaw and the blender, which are the pillars of the adjustment, are not negotiated," President Javier Milei confirmed last week. The Government will seek to achieve zero deficit with the liquefaction of retirees, taxes and fuel.