What are Milei’s proposals for Argentina to once again become a “world power” in 35 years?

Javier Milei will assume the presidency of the Argentina next December 10th. On Sunday, the libertarian candidate won the second round against the Peronist Sergio Massa by a difference of more than 11 points. His plan to lead the country out of the economic crisis with which he convinced Argentines consists of several stages over 35 years. His program includes reducing the State to a minimum and leaving the solution of problems in the hands of the market, supporting trade and exports.

In his first speech after confirming his victory, Milei He said that “one way of doing politics has ended and another has begun.” He added that It will take 35 years for Argentina to become a “world power” again..

LOOK: Why Milei won the elections in Argentina with a historic advantage of 11 points over Massa

In August, Milei had said at the Council of the Americas, in Buenos Aires, that “the model of freedom”which proposes It’s “a real change” which includes three generations of reforms and which “far exceeds” his political life.

The elected president of Argentina, Javier Milei, speaks in the electoral “bunker” after hearing the results that gave him the winner of the second round against Peronist Sergio Massa. (EFE/ Juan Ignacio Roncoroni).

Initially, the plan Advances of Freedomthe party of Mileiwill focus on significant cut in public spending and a reform to reduce taxes, with flexibility in the labor, commercial and financial spheres.

LOOK: Javier Milei confirms that he will privatize YPF, TV Pública, Radio Nacional and Télam in Argentina

With this reorganization of the State, the aim is to reduce expenses by around 15% of GDP, according to the program.

As for taxes, we will seek to eliminate 90% of them, as they “disrupt” the economy. The plan of Milei argues that this will have an impact of just 2% of GDP in terms of revenue.

In another step, a reform to cut funds allocated to retirement and pensions and reduce the number of ministries to eight (currently 18).

The only ministries that will remain are:

At this stage also social plans will begin to be reducedhealth, education and security systems will be reformed and the Central Bank will be liquidated to download the inflation.

“The closure of the Central Bank has not been negotiated (…) we will try to do this as quickly as possible”, he stated. Milei in an interview with the Argentine newspaper La Nación.

O privatization of public companies It is also on the agenda.

Once the economy stabilizes, Milei proposes to start with dollarization.

The newspaper La Nación interviewed the economist Carlos Rodríguezwho is one of the advisors Milei. He advanced this To dollarize it is necessary to obtain US$40 billion.

“With everything stabilized and confidence high, we have to go looking for money. That’s what’s needed to exchange the pesos and pay the commercial debt that exists. There will be money and gold in the Central Bank, in addition to something that can be contributed by selling an asset, such as a company. And that’s how you get there,” he said. Rodríguez.

Regarding labor reform, This will happen when public spending is reduced and taxes eliminated. Will go to a template with a schema unemployment insurance instead of severance pay. “This model will allow the 8 million Argentines who are outside the system to join it with all the benefits that this implies”, indicates the plan.

Regarding commercial opening, the Chilean model will be imitated and all types of limitations will be removed, both for export and import. “Free trade produces goods of better quality or better price,” the plan states.

It will promote the exploitation of natural resources through a system of royalties and concessions.

Javier Milei celebrates with his girlfriend Fátima Flórez the victory in the second round of the presidential elections in Argentina on November 19, 2023. (Photo by LUIS ROBAYO / AFP). (LUIS ROBAYO/)

Milei proposes eliminate economic subsidies for energy recalibrate the economic-financial equation of contracts to reduce companies’ costs.

Realistic tariff regimes will then be implemented. He states that this will not directly affect Argentines’ pockets because the cost will fall after the recalibration of contracts.

There will also be the possibility of migrating to a demand subsidies for Argentine families who need them.

It will promote the expansion of the transport infrastructure of electricity, natural gas and crude oil systems through mechanisms for declaring public interest and appealing to the private sector through contracts.

In the last stage of the campaign, Milei denied that she would privatize education. Both the ministry of this sector and that of Health, Social Development and Labor will be eliminated and will become part of a new one, that of Human capital.

In education, according to his government plan, he proposes moving towards a model of free choice and competition. To achieve better education, we will promote:

Javier Milei makes a gesture after voting at a polling station in Buenos Aires, during the second round of the presidential elections in Argentina, on November 19, 2023. (Photo by Luis ROBAYO / AFP). (LUIS ROBAYO/)

Milei He also denied that he will privatize healthcare.

In its Government plan it proposes:

La Libertad Avanza presidential candidate Javier Milei greets his followers upon arrival at a polling place in Buenos Aires, Argentina, on November 19, 2023. (Photo by Emiliano Lasalvia/AFP). (EMILIANO LASÁLVIA/)

Milei proposed study the reduction of the age of imputabilityprohibit entry into the country of “foreigners with criminal records” and deregulate the “legal market” for firearms.

Furthermore, it proposes to equip, train and provide technology to security forces to restore their “professional and moral authority” and have “zero tolerance” for crime.

Victoria Villaruelwho will be the vice president of the country, wants the Armed Forces to join internal security tasks, something that is currently the responsibility of the police. He also promised that the military budget will increase from 0.6% to 2% of GDP.

As far as foreign policy is concerned, the plan Milei proposes the alignment of Argentina with all democratic causes in the world.

During much of the campaign, he stated that he would break ties with Brazil It is Chinawhich are two of the main trading partners of Argentina. But in the last stage he denied that he was going to do that.

He called Pope Francis a “disgusting leftist” and he described him as “representative of the Evil One.” He then moderated his criticisms and said he would welcome them if he won the elections and the Church leader decided to make a state visit.

It should be noted that in the government’s Milei the issue of selling organs, although he mentioned the subject several times. “We are not proposing the sale of organs, we are saying that there are 7 thousand people waiting for a transplant and 300 thousand potential donors, there is something that does not work in the middle and that generates a lot of corruption”, he said.

Source: Elcomercio