In his first 100 days in office, Javier Milei has implemented drastic austerity measures and reforms in Argentina, leading to a significant increase in poverty. However, his structural reforms are facing obstacles, partly due to his own actions.
Santiago Figueroa takes pride in serving around 100 portions of food daily from his soup kitchen, Comedor, in Buenos Aires. However, as private donations decrease, it becomes increasingly challenging for his team to fill the pots. The rising costs of meat and cooking gas add to the financial strain, leading to a significant decline in private donations.
The number of individuals seeking warm meals from soup kitchens around Buenos Aires is on the rise, even in middle-class areas like Saveedra where Santiago’s soup kitchen is located. Veronica Lucente, a single mother working in a restaurant, expresses struggles to make ends meet due to stagnant wages amid soaring inflation.
Under Milei’s presidency, Argentina has seen a 13% increase in poverty, as he aggressively slashes government spending and implements austerity measures. Despite facing criticism and pushback, Milei continues with his overhaul efforts, aiming for a balanced budget and economic stability.
While some applaud Milei for his efforts, others question the sustainability of his approach, which includes drastic cuts to subsidies, pensions, and social welfare programs. Despite initial optimism in the financial markets, doubts remain about the long-term impact of Milei’s reforms and his ability to navigate the challenges ahead.
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