Argentina Sees First Budget Surplus in Over a Decade Under New President Milei's Austerity Plan

Argentine government saw first monthly budget surplus in 12 years in January

Surplus was $589 million under new President Javier Milei

Milei pushing for strong spending cuts as part of plan to balance budget

January inflation rate was 20.6%, 12-month rate 254.2%

Milei predicts economic rebound within 3 months with spending cuts and deregulation