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Javier Milei came to power in Argentina after winning the general elections of the country in November 2023. His rise was surrounded by controversy, in the face of continuous comparisons with Donald Trump and attacks in a country that became immersed in an unprecedented economic crisis by policies of previous leaders of this country of South America .. but time seems to give him the reason, and at least, the data. And, according to UNICEF, the economist has achieved Remove 1.7 million children from poverty in Argentina.

Already with its great contribution, the “chainsaw policy” began to see its fruits very shortly after. Milei reduced the number of ministries in half, as well as introduced an important cut in social benefits.

In itself, the Reduction of a third of public spending during the first semester of 2024in addition to a fiscal adjustment, he managed to have a direct impact on the moderation of inflation, and although he promised to do certain damage in the short term to the economy of the country (something that was noticed in the first months), in the long run he sought great results. And he did so.

To reduce inflation to end poverty: how Milei transforms Argentina in less than two years

Last April, the Argentine consumer price index (CPI) closed the month of April with 2.8% in monthly terms. Summarized in data: in April 2024, it closed with 8.8%, while In December 2023, this being the first month of Milei in Casa Rosada, it was at 25.5%which reflects how inflation is disappearing. In fact, the current value is similar to that of some European countries. For example, Spain closed this last month with the CPI in 2.2%, a level only slightly better than the Argentine.

And before his arrival, to get an idea of ​​the situation, Argentina suffered the worst crisis since 2002. The price increase was in 113.4% year -on -year, while the Argentine weight was so devalued that even the metal had more value than the Argentine currency.

And so, Milei is getting to end general poverty at all levels. In the second half of 2024, The poor rate collapsed in the American country to 38.1%, which reflects a fall of almost fifteen points and that reveals that less than four out of ten Argentines have low purchasing power, while before the arrival of Milei there were many more than half.

And among these areas, also with children, which has led to surprise even Unicef. According to the organization, Around 1.7 million children have left poverty in the last yeara figure that surprises even in the context of severe reductions in public spending.

Concrete measures such as Increased universal child allocation (AUH) and expansion of feed card coverage up to 17 years They are behind this historical achievement in Argentine society, as they have been fundamental to improve the living conditions of the most vulnerable households.

To this and the strong disinflation, we must also add the latest published data of the Argentine INE (INDEC) that reveal that employment has increased maximums of the historical series. Thus, some official data of all that reflect economic recovery, employment creation, poverty decrease and increased real wages that allow Argentina to live a situation of important fullness.