Argentina's President Milei Faces Backlash Over Controversial Economic Measures

Despite public unrest and accusations of unconstitutional actions, Milei's administration pushes forward with aggressive economic reforms.

Argentina's ultra-libertarian president, Javier Milei, has implemented a series of controversial measures that have divided public opinion and caused social and political unrest.
Milei's economic plan, led by Economy Minister Luis ‘Toto’ Caputo, includes aggressive budget cuts, tax hikes, and a significant devaluation of the peso-dollar exchange rate, leading to a spike in inflation and a reduction in purchasing power for citizens.
Despite promises not to raise taxes, Milei has increased export duties and the PAIS tax, further pushing the value of the dollar higher for certain transactions.
Milei's administration has launched a massive package of reforms through an emergency decree (DNU), bypassing Congress, which has been criticized as unconstitutional and contrary to the spirit of separation of powers.
Despite the controversy and backlash, Milei's administration has managed to maintain control over public protests and has shown initiative in pushing for its reform package.