{
  "id": 3121560,
  "title": "Milei kept his promise to cut taxes. The problem is he might have gone too far",
  "url": "https://urgent.news/2026/08/24/milei-kept-his-promise-to-cut-taxes-the-problem-is-he-might-have-gone-3121560",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T21:50:42.000Z",
  "source": {
    "name": "Buenos Aires Herald",
    "slug": "buenos-aires-herald-buenosaire",
    "url": "https://buenosairesherald.com/economics/milei-kept-his-promise-to-cut-taxes-the-problem-is-he-might-have-gone-too-far"
  },
  "original_language": "en",
  "account": "Javier Milei, the president of Argentina, fulfilled his campaign promise to cut taxes during his first year in office. A recent survey by Argentine Center for Fiscal Analysis (IARAF) stated that Milei's tax cuts have amounted to 3% of GDP since December 2023. The three biggest reductions were in the PAIS Tax, export taxes, and personal property tax. The PAIS Tax, which was imposed temporarily and expired in December 2024, accounted for 43% of the tax revenue loss. Export taxes and personal property tax followed, with declines of 19% and 18% respectively. Despite the tax cuts, the government has had to cut spending to maintain a surplus due to insufficient economic growth, leading to potential economic stagnation. The Milei administration also raised the fuel tax by 55% and reinstated the income tax, which had been cut during the previous administration. However, recent data from the consulting firm Vectorial suggests that the fiscal situation may be deteriorating, with a primary fiscal surplus in June-July 2026 and a secondary fiscal deficit. If this trend continues, it could put strain on the government's primary fiscal pillar.",
  "summary": "The cuts, which amount to 3% of GDP, could eventually threaten fiscal surplus if government revenue continues to drop La entrada Milei kept his promise to cut taxes. The problem is he might have gone too far se publicó primero en Buenos Aires Herald .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Buenos Aires Herald",
        "title": "Milei kept his promise to cut taxes. The problem is he might have gone too far",
        "url": "https://urgent.news/2026/08/24/milei-kept-his-promise-to-cut-taxes-the-problem-is-he-might-have-gone",
        "published": "2026-08-24T21:50:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}