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Argentine president calls for extraordinary sessions of Congress to speed up reforms

Published 12/23/2023, 02:50 PM
Updated 12/23/2023, 02:55 PM
© Reuters. FILE PHOTO: Argentina's President Javier Milei looks on as he attends a Hanukkah celebration in Buenos Aires, Argentina, December 12, 2023. REUTERS/Tomas Cuesta/File Photo

BUENOS AIRES (Reuters) - Argentine President Javier Milei has issued a decree calling for extraordinary sessions to speed up reforms, reinstate the tax on salaries abolished by the previous government, and modernize the electoral process.

Milei, who took office in early December, sent the decree to the legislative body late on Friday for bills to be discussed from Dec. 26 to Jan. 31. Congress is in recess, with sessions next scheduled for March.

Earlier this week, Milei proposed more than 300 measures to deregulate the South American country's economy, including eliminating price controls and bureaucracy to help promote industrial activity.

Milei, a libertarian economist who entered politics about four years ago, has said he wants to drastically reduce the size of the government, eliminate the fiscal deficit and devaluate the battered local currency.

Argentina is mired in a prolonged economic crisis with triple-digit inflation, negative reserves, a rapidly depreciating peso currency, and over 40% of the population living in poverty.

Latest comments

Giving money to the poor makes everyone poor
While US politicians get rich.
Politicians get rich when they give taxpayer money to foreign countries, though. 10% for the Big Guy.
Politicians giving US taxpayer money to foreign powers makes THEM rich.
Take a good hard look at Argentina today, America, because THIS is our future if we allow Democrats to steal another national election next year. You may hate Donald Trump with every fiber of your being, but know that ag least he won’t lead us down the path we are currently on that will have us looking like that last paragraph in this article. That last paragraph IS our fate under 4 more years of Biden’s policies.
Are you on drugs?
yes he is. It's amazing how many people are clueless about our economy.
Trump will destroy our country and you are out of your mind.
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