Recently, 11 provinces in Argentina have declared a state of economic emergency. This is one of the adjustment reactions made by the provinces after the announcement of the new economic deal of Argentina.
Argentina's new Minister of Economy Caputo announced a series of economic policies on the 12th, aimed at reducing the fiscal deficit and controlling inflation. These include reducing the number of sectors from 18 to 9, reducing subsidies for energy and transport, and stopping tenders for new public works.
The introduction of these policies has attracted widespread attention. Some analysts believe that these policies are aimed at reducing expenses and improving efficiency, but may have a negative impact on some businesses and industries. In addition, these policies need the support and cooperation of the provinces to be implemented.
At present, the economic situation in Argentina is not optimistic. Inflation remains high and fiscal deficits persist. It remains to be seen whether the new policy will be effective in controlling inflation and reducing the fiscal deficit.
In short, Argentina's new ** policy has attracted widespread attention. The implementation of these policies requires the support and cooperation of the provinces, and their effectiveness will take time to verify.