Argentina Approves Milei's Sweeping Economic Reforms

The landmark legislation aims to stabilize the economy through investment incentives and fiscal changes.

The Argentine Congress passed the Law of Bases, a key part of President Javier Milei's economic agenda.
The law introduces special fiscal incentives to attract large investments and aims to privatize certain state-owned companies.
Despite strong opposition, the reforms passed with significant support after extensive negotiations.
Milei's administration reinstated the Income Tax to address the urgent economic crisis, reversing a previous stance.
The reforms are expected to reduce inflation and fiscal deficit, with the government planning further structural changes.