Argentina brought in its first budget surplus in more than a decade in 2024, data published on Friday showed, marking a win for libertarian President Javier Milei and his sweeping austerity push in his first full year in office.

Economy Minister Luis Caputo confirms Argentina's budget surplus, which amounted to 0.3% of GDP, was the first since 2010.

President Javier Milei made good on his promise to deliver a fiscal surplus in his first year, achieving a feat not seen in over a decade in Argentina’s deficit-prone economy.

A budget dating back to 2023 has given the government a free hand to operate its anti-public-spending 'chainsaw' policy.

Argentina's first budget surplus in a decade achieved through drastic austerity measures by libertarian President Javier Milei.