Photo: alfanoticiasmx.com
“While Argentine President Javier Milei was defending his economic plan at the Council of the Americas, thousands of people took to the streets to protest the high household debt burden and the closure of more than 30,000 companies since December 2023”, according to the Turkish news agency Anadolu.
According to the publication, participants in the demonstration—which was supported by labor unions and civil society organizations—expressed concern over the heavy debt burden faced primarily by households with average and below-average incomes.
Protesters emphasized that Argentines are increasingly forced to take out loans to cover daily expenses, including food, medicine, and basic utilities.
A joint statement by the rally’s organizers notes: “The debt crisis in poor neighborhoods can no longer be put off.”
The agency reports that, according to a report by the Fundar research center based on data from May 2026, 30,633 companies have closed in Argentina since Milei took office, accounting for 6% of the total number of companies.
The report notes that these closures represent the most significant decline during the government’s first 30 months in office. In May 2026, 2,371 businesses ceased operations—an average of 76 businesses per day.
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