As expected when government stops printing pesos to cover the deficit.

Milei balanced the budget after 9 years of deficit.

The surplus covers the debt service too, so the government no longer has to borrow or print just to stay open.

That was the inflation machine in Argentina. Chronic deficits financed by the central bank, a collapsing peso, and prices that reset every month.

Close the gap and the printing press loses its reason, the currency stops being a melting ice cube, and saving, lending, and pricing in pesos become possible again.

— Rothmus 🏴 (@Rothmus) October 8, 2026