MILEI ACHIEVES HISTORIC SURPLUSES President Milei has broken decades of deficit-driven policies, with previous governments posting deficits of 3% in 2021, 2.4% in 2022, and 2.9% in 2023. Milei recorded a primary fiscal surplus of 0.6% of GDP in 2025, following a 1.8% surplus in 2024, as reported by the Ministry of Economy. Milei’s “zero deficit” approach, achieved without raising taxes or devaluing the currency, marks a stark departure from past practices of uncontrolled spending and inflation-driven value erosion. This adjustment, described as a “civilizational change,” reflects a new philosophy where the state no longer overspends at citizens’ expense, redefining Argentina’s economic landscape. 👆ARGT Argentina etf continues to be core holding in Pinetree