What will get cut?

[sergio]

What spending cuts you expect to be announced?

 

[amylund]

When are they making announcements?

 

[Ronnie Hotdogs]

A cut of 5% of the PBI will not leave much that's not cut.

Interestingly Argentina as a % of it's GDP doesn't spend that much on the State.
Most developed economies spend more.

 

[Rich One]

A cut of 5% of the PBI will not leave much that's not cut.

Interestingly Argentina as a % of it's GDP doesn't spend that much on the State.
Most developed economies spend more.

If you cut by 50% the government expenditures the impact on the GDP will be minor..?

 

[Ronnie Hotdogs]

Milei wants to cut 15% of the GDP from government spending.
According to the latest data available Argentina spent around 15% of it's GDP on the state.

Something doesn't add up?

 

[Ronnie Hotdogs]

https://www.argentina.gob.ar/economia/politicaeconomica/informe-gasto-publico-consolidado-2009-2021#:~:text=En%20promedio%20(2009%2D2021),%2C4%25%20en%202021).

Turns out what is available online is wildly innacurate

 

[TimeTraveler]

The easiest expenses to reduce are subsidies (specially energy subsidies) and maybe getting rid of some of the state owned enterprises. Aerolíneas would be a good start. Social security payments will also likely be affected.

 

[Quilombo]

Aerolíneas would be a good start. Social security payments will also likely be affected.

Agree with the first, but not the later, as Milei has said the only thing the wallet is open for is social plans/pensions.

My guess is across the board things like attrition/voluntary buyouts/early retirements/wage freezes for public employees, subsidy reductions for the wealthier income brackets, etc. We'll know more tomorrow apparently.

 

[sergio]

Subsidies for transport?