Argentina Senate Approves Budget Plan in Victory for President Macri - News Summed Up

Argentina Senate Approves Budget Plan in Victory for President Macri


Argentina’s Senate approved the government’s austere budget proposal for 2019 early Thursday, handing President Mauricio Macri a legislative victory and sending a signal to investors, and to the International Monetary Fund, that his administration is committed to steep spending cuts. The budget plan, which was negotiated by the government with various opposition legislators to guarantee its approval, now goes to the president for signing. It foresees a balanced primary budget, a measure that excludes interest payments, for...


Source: Wall Street Journal November 15, 2018 09:16 UTC



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