Argentina Signals Major Shift as New Government Moves to Cut State Spending and Central Bank Powers

Argentina’s new government is reportedly advancing sweeping reforms aimed at reducing state spending, shrinking government ministries, and curbing the influence of the central bank. Officials claim the measures are intended to stabilize the peso, rein in chronic inflation, and restore confidence among both domestic and foreign investors.

Supporters argue decades of heavy state intervention and monetary expansion hollowed out Argentina’s middle class and distorted market incentives. While critics warn of short-term social strain, backers say the reforms represent a necessary correction after years of policies that prioritized political stability over long-term economic discipline.