Milei announces Argentina's first budget surplus in 16 years

In the first quarter of 2024, the South American country recorded a budget surplus of about 275 billion pesos , he told national TV late Monday."This is the first quarter with a financial surplus since 2008," said Milei, referring to his left-wing rival Cristina Kirchner's first year in the presidency."If the state does not spend more than it collects and does not issue , there is no inflation. This is not magic," the self-described"anarcho-capitalist" said.

University students, backed by unions and opposition parties, have called a march for Tuesday to protest financing cuts to higher publicUniversities have declared a budgetary emergency after the government approved a 2024 budget the same as the one for 2023, despite inflation approaching 300 percent and a near 500-percent increase in energy costs that higher learning institutions say has brought them to their knees.

"At the rate at which they are funding us, we can only function between two and three more months," University of Buenos Aires rector Ricardo Gelpi said.

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