"There is no money," said Milei, who in October received a noticeably low collection from withholdings due to

Agricultural consultant Javier Preciado Patiño defined the situation with the income from Export Rights (DEX) or withholdings to public accounts in October last as a "revenue Waterloo." The Battle of Waterloo, which marked the end for Napoleon Bonaparte, took place on the fields of Belgium on June 18, 1815. This Creole Waterloo, however, curiously occurs at the moment of greatest political euphoria for Javier Milei. Let's explain this contradiction: Milei has just comfortably won the mid-term elections in Argentina, and he has accumulated legislative power to tackle the second half of his term as President. But the fiscal cost he incurred to do so was extremely high, because one of the measures he implemented to show society that he could keep the dollar calm and thus control a resurgence of inflation was the elimination of withholdings for about 20% of agricultural exports. At the end of September, the libertarian government enabled an export quota equivalent to 7 billion dollars ...