Argentina brought in its first budget surplus in more than a decade in 2024, data published on Friday showed, marking a win for libertarian President Javier Milei and his sweeping austerity push in his first full year in office.

President Javier Milei made good on his promise to deliver a fiscal surplus in his first year, achieving a feat not seen in over a decade in Argentina’s deficit-prone economy.

Argentina's first budget surplus in a decade achieved through drastic austerity measures by libertarian President Javier Milei.

Argentina likely logged the largest trade surplus in its history in 2024, a Reuters analyst poll released on Friday showed, on the back of libertarian President Javier Milei's bid to boost grains and energy exports in his first full year in office.

Economy Minister Luis Caputo confirms Argentina's budget surplus, which amounted to 0.3% of GDP, was the first since 2010.