Here is the translation with proper grammar, subject-predicate structure, and appropriate tense and noun usage:

Quoting a report from Reuters, Argentina’s Ministry of Economy recorded that the country, the second-largest economy in South America, posted a budget surplus of ARS 1.76 trillion, equivalent to 0.3 percent of its gross domestic product (GDP) for the year. Meanwhile, the primary fiscal balance—which excludes debt payments—registered a surplus of ARS 10.41 trillion, or approximately 1.8 percent of GDP.

Since taking office more than a year ago, Argentine President Javier Gerardo Milei has implemented various economic policies as part of austerity measures. One of these policies includes budget cuts for civil servants, resulting in the dismissal of more than 45,000 government employees in the country.

In addition, Milei has halted most public infrastructure projects across various regions of Argentina. While this move has been credited with improving the country’s financial situation, it has also had a negative impact on the construction sector. Official data indicates that construction activity plummeted by 42 percent in March 2024, with approximately 50,000 construction workers losing their jobs between November and February of the same year.

Budget cuts have also been applied to higher education, sparking a wave of public protests, particularly among students. Hundreds of thousands of students took to the streets in opposition after Milei threatened to use his veto power to overturn a bill approved by parliament that guarantees funding for universities.