President Javier Milei finally signed his May Pact. The document consists of a list of 10 broad principles his government believes Argentina’s political parties should be able to overcome their differences and agree on: Inviolability of private property; Non-negotiable fiscal balance; Reduction of public spending by 25% of GDP; Tax reform to alleviate tax pressure and promote trade; Re-examination of the federal tax revenue sharing system and an end to the current “extortive” system; Progress on exploiting the country’s natural resources; Modern labor reform to promote formal employment, among others.
July 9, 2024
SOURCE: BUENOS AIRES HERALD
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