Nations rise and fall on leadership. Companies rise and fall on leadership. One major American technology company recorded 22 consecutive quarterly revenue declines. Then, a new CEO came, and revenue started growing. The nation of Argentina for close to 12 years did not know what it was to balance its books. A new guy came as president, and the nation has balanced a monthly budget within a full month at work:
“In a significant economic development, the Argentine government achieved its first monthly budget surplus in nearly 12 years during January. This milestone comes as new President Javier Milei, a far-right libertarian who took office in December, continues to push for strong spending cuts and fiscal responsibility.
“January marked the first full month in office for President Milei, and it ended with a positive balance for public-sector finances of US$589 million (approximately S$800 million) at the official exchange rate. This surplus includes payment of interest on the public debt. The achievement is noteworthy as it represents the first monthly financial surplus since August 2012 and the first surplus for a January since 2011.”
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Nations rise and fall on leadership. Companies rise and fall on leadership. One major American technology company recorded 22 consecutive quarterly revenue declines. Then, a new CEO came, and revenue started growing. The nation of Argentina for close to 12 years did not know what… pic.twitter.com/jwZZeogj14
— Ndubuisi Ekekwe (@ndekekwe) February 21, 2024
Argentina achieved Balanced Budget in January, first time in Over a Decade
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