{"id":266196,"date":"2024-06-06T14:38:01","date_gmt":"2024-06-06T06:38:01","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=266196"},"modified":"2024-06-06T14:38:02","modified_gmt":"2024-06-06T06:38:02","slug":"argentine-president-says-to-lay-off-further-50000-civil-servants-as-part-of-belt-tightening","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=266196","title":{"rendered":"Argentine president says to lay off further 50,000 civil servants as part of belt-tightening"},"content":{"rendered":"\n
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BUENOS AIRES, June 6 (NNN-XINHUA) — Argentina’s government plans to lay off 50,000 civil servants as part of a belt-tightening drive launched in December, Argentine President Javier Milei said.<\/p>\n\n\n\n

In a speech on the 10th Latin American Business Forum, Milei touted his drastic cutbacks in public spending, saying “unlike others, which with half-point austerity measures ended up blown off course, we made a seven-point adjustment.”<\/p>\n\n\n\n

His policy proposal to rein in all public spending to promote pension reform can make its way through Congress, he said , adding that the proposed change would mean more expenditure for the fiscal coffers.<\/p>\n\n\n\n

“Any time the fiscal degenerates of politics want to break the fiscal balance, I am telling them now, I have said it before, I am saying it now, and I am going to repeat it ad nauseam — I am going to veto everything,” Milei said.<\/p>\n\n\n\n

Since his inauguration on Dec. 10, 2023, the government has cut the number of ministries “and the entire structure of government has been reduced by half,” he said.<\/p>\n\n\n\n

“We are going to end up laying off 75,000 people. We have already (laid off) 25,000,” he told business leaders, investors and economists.<\/p>\n\n\n\n

While his austerity measures have been rejected by the political opposition, labor confederations, unions and social organizations, Milei has defended them as being necessary.<\/p>\n\n\n\n

“Never has so much been done in six months as we are doing,” he said. “We are not only putting the economy in order … but we are also ending corruption, and that is why the political sector is raging,” said Milei.<\/p>\n\n\n\n

The South American country registered an inflation rate of 289.4 percent in April year on year and a rate of 8.8 percent in April, the first single-digit monthly figure since October, the National Institute of Statistics and Censuses (INDEC) reported in May.<\/p>\n\n\n\n

Economic activity, meanwhile, fell 8.4 percent year on year in March and shrank 5.3 percent in the first quarter, according to recent data from the INDEC. — NNN-XINHUA<\/p>\n","protected":false},"excerpt":{"rendered":"

BUENOS AIRES, June 6 (NNN-XINHUA) — Argentina’s government plans to lay off 50,000 civil servants as part of a belt-tightening drive launched in December, Argentine President Javier Milei said. In a speech on the 10th Latin American Business Forum, Milei touted his drastic cutbacks in public spending, saying “unlike others, which with half-point austerity measures […]<\/p>\n","protected":false},"author":11,"featured_media":266198,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[208],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/266196"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=266196"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/266196\/revisions"}],"predecessor-version":[{"id":266199,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/266196\/revisions\/266199"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/266198"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=266196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=266196"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=266196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}