Argentine President Javier Milei is initiating a substantial reduction in public sector employment, aiming to dismiss 70,000 government workers as part of a broader campaign to reduce state expenses. Alongside these cuts, Milei announced a freeze on public works, reduced provincial funding, and cancellation of numerous social welfare programs. His administration’s goal is to achieve fiscal balance, while also stating that the peso’s current valuation is in line with the central bank’s policies, and dismissing any drastic devaluation as baseless.