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Argentina's Senate passes new austerity budget
Argentine politicians pass austerity budget for 2019 that cuts social spending and raises debt payments.
15 Nov 2018
Demonstrators attend a protest against the budget bill outside the Congress in Buenos Aires [Agustin Marcarian/Reuters]
Argentina's Senate approved an austerity budget for 2019 on Thursday that cuts social spending and raises debt payments to meet the stiff requirements of a $56bn International Monetary Fund bailout.
The budget projects a 0.5 percent slide in the gross domestic product and a 23 percent inflation rate by year-end, down from 44 percent this year.
. . .
Centre-right President Mauricio Macri had previously pledged billions of dollars worth of cuts in health, education, science, transportation, public works and culture next year.
More:
https://www.aljazeera.com/news/2018/11/argentina-senate-passes-austerity-budget-181115184759290.html