Milei plans US-style government shutdown mechanism to cap Argentina's spending
Argentine President Javier Milei said he will send Congress a bill introducing a US-style government "shutdown" mechanism that would bar the executive from spending once budget allocations run out. He described the measure as part of a package of economic reforms meant to relaunch his administration.
Argentine President Javier Milei announced on Tuesday that he will send Congress a bill creating a US-style government "shutdown" mechanism, which would prevent the executive from continuing to spend once budget allocations are exhausted.
According to MercoPress, Milei said the measure is intended to enforce fiscal discipline and tie spending to a legal ceiling. He framed it as part of a broader package of economic reforms with which he aims to relaunch his administration.
The proposal would require approval from Congress, where Milei's party does not hold a majority. How the opposition responds, and whether the bill advances, is expected to become clearer in the coming weeks.
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