Paragraph 1
Argentina's
president, Javier Milei, has promised to turn around the country's
economy. Mr Milei said he would cut
, which is around 140 per cent. He also wants to cut Argentina's public
. Argentina has borrowed a lot of money in the
few decades. In his first
as president, he said the economy needed "shock treatment". He said
governments spent too much, and so "there is no
left". He warned people that life would be
for a few years. He said they would have to live in "austerity" to help the
.