“Argentina registered a year-on-year inflation rate of 254.2 percent in January, the highest in 32 years, according to data released Wednesday by the National Institute of Statistics and Censuses (INDEC)”
Poorness rise to almost 58% while the president is refusing to hike the minimum wage, which is common to rise every 3 months or so even during the right wing liberal regime of Macri, but this guy FUCK NO he just signed a billion dollar subsidy to “Mercado Libre” the eCash monopoly owned by the richest Argentinean Galperin ~5 Billion of declared wealth
You can earn 5k and spend 10k if you get a pay rise of 5k next month
In practice they spend a few percent more than they take in taxes and grow by a little more or less than that. COVID was a big jump in real debt but other than that it’s generally stable ish
It’s not obviously unsustainable