After taming Argentina’s rampant inflation and earning a big midterm victory, President Javier Milei is taking on two of the country’s thorniest economic problems: reforming the rigid labour market and labyrinthine tax system.
Milei, whose libertarian party secured a surprise landslide win at legislative elections this week, wants to use his mandate to overhaul statist policies that have given Argentina one of Latin America’s highest tax burdens and pushed 42 per cent of workers into informal employment.
Milei says his reforms will generate “unprecedented economic growth” and hundreds of thousands of jobs by 2027, in a country where the number of formal private sector roles has been almost flat since 2011.
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