Milei plans US-style government shutdown mechanism to cap Argentina's spending

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Argentine President Javier Milei announced plans to propose legislation to Congress introducing a US-style government shutdown mechanism aimed at capping government spending once budget allocations are exhausted. This proposal is part of a broader economic reform agenda.

Argentine President Javier Milei announced on Tuesday that he will send Congress a bill to introduce a government "shutdown" mechanism, modeled on the US system, that would bar the executive from continuing to spend once budget allocations run out. The measure is part of a package of economic reforms with which the president aims to relaunch his administration.