Marketplace Morning Report Argentina pivots from cuts to a public sector spending spree
Sep 16, 2025
Argentina is shifting gears from austerity to a public spending spree, focusing on pensions, health, and education. This move has sparked mixed reactions amid ongoing economic challenges. Meanwhile, African countries are pushing for more AI products in local languages to enhance accessibility. Additionally, Jaguar Land Rover is facing setbacks as its UK factories remain closed due to a cyber hack, highlighting the vulnerabilities in modern industry.
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Milei Reverses Course On Spending
- President Javier Milei is shifting from deep austerity to boosting pensions, health and education funding.
- The government still promises fiscal balance and may reimpose cuts if deficits reappear.
Protests From Health And Public Workers
- Healthcare workers and public sector staff staged widespread protests over deep cuts under Milei's early rule.
- Katie Silver notes doctors and large numbers of public employees demonstrated in Buenos Aires against austerity measures.
Spending Increase Tied To Fiscal Rule
- The Libertarian government frames the spending shift within a rule to guarantee fiscal stability.
- They say they will hike funds for social sectors but will cut again if deficits threaten that rule.