Libertarian President Javier Milei of Argentina has presented the 2025 budget to Congress, outlining policy priorities that reflected his key pledge to kill the country’s chronic fiscal deficit and signaled a new phase of confrontation with lawmakers.

Argentina’s libertarian President Javier Milei has announced that he intends to eliminate the budget deficit entirely next year, doubling down on promises of fiscal discipline despite a recession.

Argentina's sovereign bonds and stock index climbed in early trading on Monday, as investors cheered an ambitious 2025 budget plan from libertarian President Javier Milei, that predicts robust growth and sticks to a "zero" fiscal deficit.

Argentine President Javier Milei presented his 2025 budget to congress Sunday, with the libertarian promising to veto any law that threatened his strict goal to reduce the country's budget deficit

Argentina's President Javier Milei sings the national anthem as he addresses Congress to present the 2025 budget in Buenos Aires, Argentina, on Sept 15. (AP)

Argentina's stock index was up over 1.6% in early trading on Monday, as markets reacted positively to the government's ambitious 2025 budget proposal. Bonds were edging up a day after President Javier Milei told Congress he would defend his government's budget draft and said he would veto any bills that threaten it in order to protect fiscal balance.