politics

Milei's Argentina Outpaces Brazil on Debt

Summary: A striking economic reversal as Argentina’s fiscal austerity under Milei drives public debt below Brazil’s levels, marking a dramatic shift in South American economics.

Timeline:

  • 20:14 — Public debt now lower in Argentina than Brazil! Milei’s fiscal shock cut debt burden by 60% of GDP in two years. Argentine bonds looking more attractive. @JuanEgana

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Public debt is now lower in Argentina than in Brazil! Milei's fiscal shock cut the debt burden by 60% of GDP in just two years. With Argentina sticking to austerity while Brazilian fiscal accounts keep deteriorating, local Argentine bonds look more attractive than Brazil's.

— @JuanEgana