This is a Argentina news story, published by ABC News, that relates primarily to Javier Milei news.
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76% Informative
Argentina 's far-right President Javier Milei slashed federal budget transfers to provinces.
Left-wing populist governor of La Rioja , a province in the country's northwest, invented a new emergency tender.
The province defaulted on its debts in February and August ; a New York federal judge ordered the province to pay bondholders nearly $40 million in September .
Critics say the province's patronage system was used to placate interest groups at the expense of efficiency.
The chacho hit the streets in August after La Rioja’s legislature approved plans to run off $22.5 billion pesos worth of the currency to help cover up to 30% of public sector salaries.
Authorities promise to pay interest of 17% on bills held to maturity on December 31 .
President Milei has ruled out a bailout for the province, but the constitution allows for such desperate work-arounds.
VR Score
79
Informative language
78
Neutral language
29
Article tone
semi-formal
Language
English
Language complexity
60
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
17
Source diversity
1
Affiliate links
no affiliate links