Six months into Javier Milei’s presidency, Argentina has experienced its first inflation-free week in three decades, according to VOZ.
To combat soaring inflation, Milei implemented sweeping cost-cutting measures, including selling two national planes, merging 18 government departments into nine, halving the number of government cars and drivers, and devaluing the currency by 100 percent.
Milei also set an example by flying on commercial airplanes, showing his commitment to the nation’s economic recovery.
Econometrica, a private consulting firm, reported that for the first time in 30 years, prices of at least 8,000 food items in local online stores remained unchanged over the past week.
In a Radio Mitre interview, Milei confirmed this development, stating, “That means we are on the right path. There is still a long way to go, but the first signs that things are working are beginning to appear.”
READ ALSO: No Propaganda, No Fake News, Elon Musk Recommends Argentina to Investors
In stark contrast, Nigeria’s Bola Tinubu has faced criticism for failing to reduce government expenditures despite inheriting a struggling economy.
Last December, Tinubu traveled to Dubai for the COP28 climate summit with a delegation of 1411 people, sparking nationwide outrage over perceived wastefulness.
Inflation has worsened during Tinubu’s first year in office, which he marked last month. Despite campaign promises to address the crisis, he approved N14 billion for renovating Kashim Shettima’s residence, even as many Nigerians suffered from the effects of hasty fuel subsidy removals and naira devaluation.
Inflation in Nigeria rose to 34 percent last month, according to the National Bureau of Statistics.
(Peoplesgazette)
Follow the Parallel Facts channel on WhatsApp: https://whatsapp.com/channel/0029VaCQSAoHgZWiDjR3Kn2E
