BUENOS AIRES, Jan 28: The government of Argentinas libertarian President Javier Milei is withdrawing key fiscal measures from a sweeping omnibus bill after facing stiff political opposition, Economy Minister Luis Caputo said Friday.
The measures included tax and pension reforms. The rest of the bill, still being put forward, intends to introduce sweeping changes and deregulation to Argentinas economy.
Many of Mileis reforms thus far are being challenged in court, with more than 60 lawsuits under way by labor unions, business chambers and NGOs.
The withdrawal of the fiscal portion of the bill "does not imply that we are going to give up our commitment to achieve fiscal balance, our goal of zero deficit," Caputo said.
"We are just going to give ourselves a little more time" to negotiate the reforms, he added.
Milei said this week that the South American nation is closer to being able to comply with his proposal to dollarize the economy, which Caputo agreed with. —AFP
