"One of the greatest thieves in the history of mankind is the central bank"
Milei, a radical libertarian, told Bloomberg News his bold fiscal adjustment would boost Argentina’s reputation and credit profile, making a default unnecessary.
His plan includes slashing spending by at least 13% of GDP before mid-2025 by dramatically downsizing public works, reducing the number of ministries, removing subsidies and capital restrictions that would allow businesses to transact in US dollars. More drastically, he also plans to shutter the central bank which he said has "no reason to exist", and dollarize the $640 billion economy.