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news Mercopress 2026-05-11

Argentina Slashes Budget by $1.79 Billion, Deepening Fiscal Adjustment

The Argentine government has cut nearly $1.79 billion from its budget, primarily affecting education, as part of efforts to maintain a fiscal surplus agreed upon with the IMF. The cuts precede a major university protest.


<p> <img alt="The politically most sensitive cut affects the Education Secretariat, with a reduction of 78.7 billion pesos (around 56 million dollars)" height="80" src="https://en.mercopress.com/data/cache/noticias/110089/100x80/milei.jpg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" /> The government of Javier Milei amended Argentina's 2026 budget on Monday with a cut of nearly 2.5 trillion pesos (around 1.79 billion dollars at the parallel...

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