Argentina Passes Biggest Economic Overhaul in Decades

Argentina has passed the biggest economic overhaul in decades, a major victory for the country's libertarian movement. The new laws aim to reduce the country's massive debt and stimulate economic growth.

The overhaul, which was passed by the Argentine Congress on February 27, 2026, includes a number of key reforms. These include a reduction in the country's corporate tax rate, a relaxation of labor laws, and a reduction in the country's minimum wage.

The reforms are seen as a major victory for the libertarian movement in Argentina, which has been pushing for economic liberalization for years. The movement has been led by President Javier Milei, who has been a vocal advocate for free market policies.

The overhaul is also seen as a major blow to the country's left-wing opposition, which has been critical of the government's economic policies. The opposition has argued that the reforms will only benefit the wealthy and large corporations, and will exacerbate income inequality.

The reforms are expected to have a significant impact on the country's economy, and will likely be closely watched by economists and policymakers around the world.

Key Reforms:

• Reduction in corporate tax rate
• Relaxation of labor laws
• Reduction in minimum wage

Impact:

• Expected to stimulate economic growth
• Likely to benefit wealthy and large corporations
• May exacerbate income inequality

Reaction:

• President Javier Milei hailed the reforms as a major victory for the libertarian movement
• Left-wing opposition criticized the reforms as benefiting the wealthy and large corporations

Sources

[9] Libertarian win: Argentina passes biggest economic overhaul in decades