Milei’s Economic ‘Shock Therapy’ Pays Off, With Argentina Seeing First Budget Surplus in More Than a Decade

The Argentine president plans to bring his message to America’s capital in the coming days.

Tomas Cuesta/Getty Images
President Milei during a campaign rally on September 25, 2023 at Buenos Aires. Tomas Cuesta/Getty Images

The government of Argentina has posted its first monthly budget surplus in more than a decade — a major milestone for the new libertarian president, Javier Milei. His economic and budgetary reforms still face an uphill battle in his legislature, however. 

With inflation and poverty ravaging much of the country, Mr. Milei’s stated goal of “shock therapy” for the nation has been met with adulation from ideologues young and old, and scorn from union bosses. 

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