Argentina withdraws fiscal reforms in omnibus spending bill

The government of Argentina's libertarian President Javier Milei is withdrawing key fiscal measures from a sweeping omnibus spending bill after facing stiff political opposition, Economy Minister said on 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 Argentina's economy. Milei also said that the South American nation is closer to being able to comply with his proposal to dollarize the economy. But many citizens fear Milei's deregulation and economic reform will leave them vulnerable to exploitation, and even poorer.