Reported 23 days ago
Argentina's financial markets reacted positively to President Javier Milei's proposed 2025 budget, which aims for a fiscal surplus and forecasts a significant economic growth of 5%. The S&P Merval stock index reached a record high, while sovereign bonds appreciated by around 1%. Milei emphasized the importance of maintaining a zero fiscal deficit and pledged to veto any legislation that could undermine this goal. Analysts note the ambitious nature of the budget and await its formal approval.
Source: YAHOO