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News & Current Events Apr 2, 2026 at 1:49 PM

Poverty fell to lowest since 2018 under Milei

Posted by Secretsfrombeyond79

Poverty fell to lowest since 2018 under Milei
Buenos Aires Times
Poverty fell to lowest since 2018 under Milei
Poverty in Argentina fell to the lowest level since the first half of 2018 in another victory for President Javier Milei.
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MongolianMango Apr 2, 2026 +52
What is wrong with people, is it impossible for them to comprehend that someone whose policies they disagree with can also do good for their country? 
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79mn105ss105a104 Apr 2, 2026 +28
NO! either he's doing 100% of what I believe in or else he's a nazi
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ForceCarrierBob Apr 2, 2026 +16
I'd say the jury is still out. These kinds of things take a while to shake out. Edit: I mean after being downvoted, if you take a measured approach to these things instead of knee jerk reaction, then just get prepared to be beat down.
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Material_Policy6327 Apr 2, 2026 +5
Id like to see if this holds long term. His admin already has tons to corruption scandals
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Secretsfrombeyond79 Apr 2, 2026 +9
Anyone who is not peronista gets tons of charges for corruption. Macri himself, our ex President, had [144 charges](https://agenda4p.com.ar/2019/12/08/macri-sumo-144-denuncias-judiciales-durante-su-mandato/) brought to him, and they all ended in nothing. Back for the midterm elections of last year, they put out an edited audio log that involved Karina Milei in corruption charges. Peronistas and the media talked about it nonstop until after the elections and then the full non edited audio got out, turns out it was a nothingburger.
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capnwally14 Apr 2, 2026 +16
Bold of you to post something that implies a larger / more expansive govt / higher govt intervention / redistributive policies may not always produce the best results
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TonyTwoTuques Apr 2, 2026 +7
I am pretty political neutral and ignorant of the situation that Argentina was in outside seeing this guy with the chainsaw saying he was going to cut away the bloat, but I do want to say I am sincerely happy to hear things are starting to turn around. It gives me hope that proper leadership can make things economically easier. I am not handling the economic situation of my country very well since it's sharp decline.
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MajesticBread9147 Apr 2, 2026 +39
Did the crypto scam help?
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Secretsfrombeyond79 Apr 2, 2026 -51
The one where he said a Crypto seemed like a good idea in a single twitter post, for like 2 hours, then deleted it ? Doubt it had any effect. Pretty much no one was dumb enough to buy that, I know I wasn't. The only ones were like two american crypto bros, and even their sue is falling off short, with the judge quoting weak evidence and unfreezing the funds.
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ForgingIron Apr 2, 2026 +22
[This](https://en.wikipedia.org/wiki/$Libra_cryptocurrency_scandal)
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Secretsfrombeyond79 Apr 2, 2026 -28
[I'm aware](https://cryptonews.net/news/legal/31473333/)
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joebgoode Apr 2, 2026 +25
>[...] According to data published Tuesday by Argentina’s statistics agency INDEC. Telling lies again? No papa
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Secretsfrombeyond79 Apr 2, 2026 +35
If you don't like to use the INDEC; literally everyone else agrees that poverty is going down. Even the UCA that is controlled by Peronistas has agreed to this ( well they are actually controlled by the UCR but at this point that's the [same thing](https://www.baenegocios.com/politica/Se-aprobo-el-Presupuesto-2023-como-voto-cada-bloque-y-que-paso-con-el-articulo-sobre-Ganancias-de-los-jueces-20221025-0094.html) ), except that for them poverty is overall higher, and these guys actually changed their model to account for loss of acquisitive power twice after Milei became President.
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Organic-Feedback1686 Apr 2, 2026 +22
Peronist and western commies seething over this.
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TheDarthSnarf Apr 2, 2026 +3
Too many in the national congress don't want his economic policies to succeed, because it would reduce their influence. So they fight the policies that are seen to be working the best. They would rather a collapsing economy for the country than see their influence removed. Which is why they pretty much gutted the powers of the President to ensure he couldn't continue the reforms that were working.
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Secretsfrombeyond79 Apr 2, 2026 +7
As of currently since the stall of his economic plan in mid 2025 poverty has started increasing along with inflation rythm again.
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Express_Extension_42 Apr 2, 2026 +12
Is this supposed to be a sentence or do you just collect words?
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Secretsfrombeyond79 Apr 2, 2026 +25
My english is not perfect sorry
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MongolianMango Apr 2, 2026 +7
I understood what you said, it’s good enough
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Alternate_Flurry Apr 2, 2026 -18
Your english is fine, listnook is just socialist
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salvito605 Apr 2, 2026 -13
He would have completely destroyed the country had the US not bailed him out. He only looks after the investors.
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Longjumping_Soil2116 Apr 2, 2026 +56
[The bailout which Argentina has already paid back?](https://www.reuters.com/world/americas/argentina-has-repaid-us-currency-swap-deal-2026-01-09/)
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Busy_Lunch_5520 Apr 2, 2026 -2
They only paid back 2.5B no?
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Longjumping_Soil2116 Apr 3, 2026 +6
2.5B is how much they used from a possible 20B credit line, and therefore they repaid 2.5B - it's mentioned in the article I've linked
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Clear_Command_8925 Apr 2, 2026 +32
Lmao, as if he could've done much more damage compared to where they were at before. Worst case scenario they would just be where they were at when he took office
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Secretsfrombeyond79 Apr 2, 2026 +35
> He would have completely destroyed the country had the US not bailed him out Funny you say that, because when the US "bailed us out", it was after Congress completely turned on him and started to pass laws opposing his economic plan, veto all of his decrees, and even overturn his presidential vetoes, they inclusively reduced presidential power first time since Menem was President, as[ essentially stripped the Executive of decree powers.](https://www.batimes.com.ar/news/argentina/congress-votes-to-restrict-mileis-ability-to-govern-by-decree.phtml) So "he would have destroyed the country" is more like Congress would've had since by the second half of 2025 he wasn't really ruling at all, congress was. Which is why we voted them out. Furthermore, the reason Argentina needed a "bailout" of 2.5 billions, which we already payed back with interest btw, was that the previous govenrment left us with a structural debt of 134 billions to pay in [2024 alone](https://www.argentina.gob.ar/sites/default/files/informe_gestion_finanzas_dic_2019_-_nov_2023.pdf) which is almost twice our yearly budget. ( see pages 59-61) > He only looks after the investors. As long as inflation and poverty drops, I hope he continues to do so.
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Misericorde2222 Apr 2, 2026 +26
A bailout which argentina already paid back
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Danne660 Apr 2, 2026 +20
If they where in such a desperate need for that "bailout" then why did they only use 2.5 billion of the 20 billion they could have used? And why have they already paid it back?
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Virtual_Seaweed7130 Apr 2, 2026 +9
Liberal factdenying cope
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femboys-are-cute-uwu Apr 2, 2026 +5
He only had to use a portion of the bailout, and paid it back quick. Argentina and Peronism are weird, though. Imperialist, but claim to be leftist and anti imperialist. Take resources and pollute while saying indigenous people need self determination and control of their own land. Act like the United States fiscally and monetarily when you don't have the money or power to pull it off. Don't even try to run state enterprises efficiently, intentionally compensating for that with bailouts and hyperinflation. Peronism is authoritarian, but accuses its opponents of canceling elections and rigging votes and shutting down opposition media, when opposition media is literally providing most news about Argentina to the world right now. Argentina had no system, no logical reasoning, no internal consistency, no real ideology, and no plan for the future. Milei brought an end to hyperinflation, and brought the debt under control. What comes next to fix the rest of the country's society and economy, who knows, maybe his plan of full libertarianism has already reached the limit of where it can do good. Argentina is a unique complicated contradictory problem 100 years in the making. Cutting taxes and regulations is not going to fix it in 3 years. Whatever comes after Milei though, as long as it's not Peronists, more new ideas should be available to finish the recovery.
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steve_ample Apr 2, 2026 -10
The bailout is as Rothbard and von Mises would have intended, Ayn be praised
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accidentalchainsaw Apr 2, 2026 +2
Co-worker's family moved back when he was elected thinking that he would control the inflation and they could do an early retirement there with the Canadian savings they have. Things were good for a little bit but then the inflation just went nuts. They finally called it quits and sold all their assets and moved back to Canada. A little worse off than having moved as they had to re-buy a smaller home again and restart their business (service based so it wasn't too bad). I would liken this to moving to the states on Trump's re-election and then crawling back to Canada with tail between legs.
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Secretsfrombeyond79 Apr 2, 2026 -1
> Things were good for a little bit but then the inflation just went nuts Essentially because congress started sabotaging his economic plan, which generated a micro crisis. It should start decreasing again in a few months. Also "nuts", lol, it went from 25% a month to 2.9% a month. I would say it's still pretty under control. > They finally called it quits and sold all their assets and moved back to Canada. Tbf even if inflation didn't increase a bit moving from Canada to Argentina was a pretty short sight move, considering Canada has a way higher living standard than us.
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Think_Discipline_90 Apr 2, 2026 +9
According to you, what is Milei doing that no one else did?
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Secretsfrombeyond79 Apr 2, 2026 +9
It's a bit hard to say "no one else did", because back when Nestor was President he actually did something pretty similar. Which is having a fiscal balance which in turn allows to have a controlled inflation and the country to not increase it's debt, which can only finance through monetary emission. The result was out there to see [https://fred.stlouisfed.org/series/NGDPRSAXDCARQ](https://fred.stlouisfed.org/series/NGDPRSAXDCARQ) The difference is Nestor started destroyed the fiscal surplus and once it [went out in 2008](https://datosmacro.expansion.com/deficit/argentina) we immediately stopped growing and the country went to shit. Argentina has no credit source, no one is dumb enough to lend us money, so all we can do when we have huge deficit is to print it. It's been the same thing since the last 70 years.
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Think_Discipline_90 Apr 2, 2026 +3
Can you be more specific? This is all a pretty general thing, "he's just controlling the inflation by not spending too much money" I'm sure anyone would do that if they could. What did he stop spending money on, for example?
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Secretsfrombeyond79 Apr 2, 2026 +11
> I'm sure anyone would do that if they could.  If they could ? Yes. If their plan was perpetrate themselves in power ? No. Peronistas filled the country with public employes that worked for them in exchange of a position, and used public welfare as a way to extort people into their service. This required an enormous amount of spending which in turn emptied the country of money. And I mean that literally [https://www.estadisticasbcra.com/reservas\_internacionales\_argentina](https://www.estadisticasbcra.com/reservas_internacionales_argentina) When Cristina assumed after Nestor she left the country with negative international reserves, and so did Alberto. > What did he stop spending money on, for example? The original plan was taking out Fiduciary funds and skimming a bit the budget allloted by congres but congress didn't allow to do that, so in the end he had to lower transport and energy subsidies. After that Education has suffered a bit, although nowhere near as much as they suffered with Alberto. Lastly he took out most social welfare that was not directly being given by the federal government, and increased the ones that was, this was mostly to avoid situations like, to give a worst case example, a Peronista ONG using welfare to exploit women [into sex work](https://www.radiosudamericana.com/nota/policiales/305251-Chaco--reclutamiento--utilizacion-de-planes-sociales-y-explotacion-sexual.htm). Most welfare being given by third parties was stolen anyways, so it really didn't had much effect on poverty.
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Think_Discipline_90 Apr 2, 2026 +4
So to boil it down, he cut education and social security to control inflation. Some would say that's short term gain vs long term loss. Checks out with the tendency we're seeing - numbers moving in a positive direction in the short term. I don't take your word for the corruption and aim to power, and I hope you don't think I should. Anyone can say those kind of things. I think you're naive to think he's not exactly the same, if you do. All in all, I hope you take my comment as an observation - I don't claim to know what's best for your country. Short term gains could be exactly what you need, to put yourselves in a position to plan for the future later.
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Secretsfrombeyond79 Apr 2, 2026 +9
> So to boil it down, he cut education and social security to control inflation. Yes, although social security actually increased in the amount people received, by a lot, which is one of the factors that reduced poverty in such a short term. > Some would say that's short term gain vs long term loss. Checks out with the tendency we're seeing - numbers moving in a positive direction in the short term. Basically yes, but the country was in such terrible conditions emergency measures had to be taken. Also we already tried looking long term with Macri and that ended up with Alberto. > I don't take your word for the corruption and aim to power, and I hope you don't think I should. Anyone can say those kind of things. I think you're naive to think he's not exactly the same, if you do. Then take the words of the [Supreme Court](https://www.nytimes.com/es/2025/06/10/espanol/america-latina/cristina-fernandez-kirchner-condenada-argentina.html), or of their [own leaders](https://www.batimes.com.ar/news/latin-america/venezuela-ex-intel-chief-claims-hugo-chavez-sent-kirchners-us21-million.phtml). > All in all, I hope you take my comment as an observation - I don't claim to know what's best for your country. Short term gains could be exactly what you need, to put yourselves in a position to plan for the future later. Not at all, not taking someone's word for it is perfectly normal, and I understand having a clear picture of another country without living there is hard. The thing is the previous party was so corrupt and inefficient to ridiculous degree sometimes it's hard to believe it and sounds as pure dirt throwing. For example when I tell some people I know in Europe that Alberto unconstitutionally gave the power to his party's own candidate before elections they have a hard time believing such thing is possible. Yet we literally had Massa, a non elected De Facto President.
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MajesticBread9147 Apr 2, 2026 -4
Why do you keep defending this dude in the comments?
-4
Secretsfrombeyond79 Apr 2, 2026 +22
> Why do you keep defending this dude in the comments? Because I like being able to save money again and going back to have 3 meals a day.
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Secretsfrombeyond79 Apr 2, 2026 +17
Also as a sidenote, if he loses, we are going back to have a government of literal fascist that left half the country in poverty, and who tried to follow in the steps of Hugo Chavez ( I do remember back in 2012 when Cristina was throwing around the idea of changing the constitution to get indefinitely elected and that f****** scares the shit out of me ).
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rosenkohl1603 Apr 2, 2026 +1
Why did you ask a question and then did not bother to respond?
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tompba Apr 2, 2026 -1
I want to know the drugs those guys are using so that they can see this "reality" lol
-1
cattlemanish Apr 2, 2026 +1
[ Removed by Listnook ]
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Puzzled_Opposite_911 Apr 2, 2026 +1
Look at all the America first MAGAts from a year ago cheering on Argentina. Yall so happy we gave them $40b to help, aren't you? Fkng sheep.
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Apprehensive-Log3638 Apr 2, 2026 +7
It was a currency swap, not a loan. It also was $20B, not $40B. The other $20B was private market pledges, which did not happen.
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Puzzled_Opposite_911 Apr 2, 2026 -2
Oh really? So cool he helped Argentina... now what to do about America's insolvency and the price of gas... meh who cares we don't use the strait of Hormuz, right? MAGA making Argentina great,,, what winning looks like.
-2
Secretsfrombeyond79 Apr 2, 2026 +2
> Oh really? So cool he helped Argentina... he helped Milei. Milei wants to be in good favor of the USA no matter who is President, I assure you if Trump losses tomorrow and democrats win the presidency Milei will kiss their boots as well. What does this mean for the USA ? It means that the guys who literally said they wanted to become a [Russian ally and oppose the USA](https://www.lavoz.com.ar/politica/en-rusia-alberto-fernandez-le-dijo-a-vladimir-putin-que-quiere-dejar-atras-la-dependencia-con-los-eeuu/) are not in power, and they cannot establish another Venezuela in South America to help their strategical geopolical objectives. Why does **everything** has to be a black and white issue where if Trump does something it automatically is bad ?
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Puzzled_Opposite_911 Apr 2, 2026 +1
>Why does **everything** has to be a black and white issue where if Trump does something it automatically is bad ? Did Trump make the deal or did Scott Bessent? Some TDS going around in MAGAverse
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Iconic5 Apr 2, 2026 -12
Argentinians have a dramatically different opinion of this grifter but okay batimes... I'm sure you know best.
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Secretsfrombeyond79 Apr 2, 2026 +21
1 I am Argentinian. 2 This is our [latest opinion](https://es.wikipedia.org/wiki/Elecciones_legislativas_de_Argentina_de_2025)
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phatjeans Apr 2, 2026 -7
Bro speaks for all of Argentina wow!!!!
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Secretsfrombeyond79 Apr 2, 2026 +16
Nope, I speak for myself, and for all those that voted like I did.
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Independent-Cow-4070 Apr 2, 2026 -23
Poverty fell to lowest since 2018 ~~under Milei~~ after a $20billion bailout Argentina was cooked if not for it lol
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ilGeno Apr 2, 2026 +20
The "bailout" has already been repaid. It was a currency swap, closer to a loan than a bailout.
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Danne660 Apr 2, 2026 +6
Most bailouts are in the form of a loan, this was as you said a currency swap, not even a loan.
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TrumpBad_UpvotesPls Apr 2, 2026 +10
Stop posting this lie.
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[deleted] Apr 2, 2026 -25
They can thank the US taxpayer for that. Edit: Okay got it, I have to pay taxes that got to Argentina and isreal with no input from me. and if I say anything its down votes.
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Secretsfrombeyond79 Apr 2, 2026 +19
We already did by paying back the 2.5 billions we asked with interest.
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[deleted] Apr 2, 2026 -16
Horse shit
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Misericorde2222 Apr 2, 2026 +13
Thats literally true. Its one google away. It was a currency swap, it has to be repaid.
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[deleted] Apr 2, 2026 -20
Lots of things happen on paper. These people are all crooks and theives. Not sure why yall trust or believe them. But you can be sure that you shouldnt.
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MendelianFatigue Apr 2, 2026 +7
Oh, okay, then I guess we’ll all just trust your almighty intuition instead. You’re surely a much more reliable source.
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[deleted] Apr 2, 2026 -4
Yeah I think I am much more reliable than Chainsaw, musk and trump. They are all liars and theives. I know you feel national pride about this but you are also being robbed. Show me a deal that any of those men made that wasnt self serving or crooked and i will apologize.
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ilGeno Apr 2, 2026 +13
https://www.reuters.com/world/americas/argentina-has-repaid-us-currency-swap-deal-2026-01-09/ The USA actually earned from the exchange.
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TrumpBad_UpvotesPls Apr 2, 2026 +11
The amount of ignorant idiots that slurped down listnooks propaganda on this without a second thought is ridiculous.
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Quotled Apr 2, 2026 -9
Tja.
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