Federal State Revenue Administration in Argentina to be replaced from a future Agency for Debt Collection and Customs Control - a change that will lead to the closure of 3,155 jobs, AFP reported, quoted by BTA, citing the presidency.
This is “an essential step toward eliminating the unnecessary bureaucracy that hinders the economic and commercial freedom of Argentines,” said the announcement in "X". It will allow a 15 percent reduction in costs for this authority.
Since coming to power, ultra-liberal President Javier Millay has made a number of drastic cuts in state bodies. In particular, he reduced the number of ministries from 18 to eight, cut the staff of other government agencies or even eliminated them.
Milley's austerity policies have led to a significant slowdown in inflation, down to around 4 percent on a monthly basis (compared to an average of 17 percent in 2023), and consistent monthly budget balances unprecedented in 15 years .
However, it also led to a sharp recession (forecast of -3.5 percent at the end of 2024), a drop in economic activity and the loss of thousands of jobs.
According to data published at the end of September, poverty in Argentina, which has been increasing steadily for two years, reached 52.9 percent of the population in the first half of 2024, a jump of more than 11 points in six of the month.