Argentina Records First Budget Surplus in Over 10 Years as New President Milei Pursues Free-Market Reforms

Argentina recorded a $589 million budget surplus in January, its first monthly surplus since August 2012
Newly elected President Javier Milei has started overhauling Argentina's historically socialist federal government
Milei signed a decree in December outlining privatization of state-owned companies to address financial crisis
Argentina has high inflation of 143% annually, with poverty levels rising to 57.4% in January
Milei aims to balance public finances this year through negotiations over Argentina's $45 billion debt to the IMF