President Javier Milei’s first cabinet meeting focused on the “reorganization of the state,” primarily through large public spending cuts and revising the contracts of all state employees to “detect irregularities,” presidential spokesperson Manuel Adorni said during brief remarks to press at the Casa Rosada presidential palace. “The financial disarray was the headline of the meeting,” Adorni said. The Herald also saw future Central Bank chief Santiago Bausili enter the Casa Rosada minutes before the meeting started. The government will move forward with “large fiscal cuts with certain expansion in social [welfare] spending,” which will be accompanied by “eliminating privileges,” Adorni said during the press conference. The government will also require public employees to work all of their hours in person from now on, Adorni said.

Source: Bueno Aires Herald December 11, 2023 15:26 UTC