President Javier Milei of Argentina is making headlines with his bold move to streamline the country’s legal system. A groundbreaking bill has been sent to Congress with the aim of eliminating approximately 70 outdated or unnecessary laws. Federico Sturzenegger, the Minister of Deregulation and State Transformation, announced this initiative, emphasizing the goal of removing laws that restrict freedoms or have become obsolete over time.
The project, named “Ley Hojarasca” or “Fallen Leaves Law,” seeks to modernize Argentina’s legal framework by cutting outdated obligations and redirecting public funds. Sturzenegger, who took office on July 5, views this as a crucial step towards promoting economic growth and job creation.
President Milei’s administration has been actively championing economic deregulation, implementing changes in labor laws, administrative procedures, and contractual regulations. Additionally, the government is addressing inflation through a tight monetary policy and fiscal adjustments, including cuts in public spending and subsidies.
This legislative pruning is part of a larger strategy to revitalize the economy and create a more business-friendly environment. The bill’s journey through Congress is expected to spark debates on the balance between regulation and economic freedom, shaping Argentina’s future economic landscape.