The Spring plan ( es, Plan primavera) was an Argentine economic plan designed during the presidency of

Raúl Alfonsín Raúl Ricardo Alfonsín (12 March 1927 – 31 March 2009) was an Argentine lawyer and statesman who served as President of Argentina from 10 December 1983 to 8 July 1989. He was the first democratically elected president after more than ...

Development

Raúl Alfonsín began his presidency with a big economic crisis and high inflation. The

Austral plan The Austral plan was an Argentine economic plan devised by minister Juan Vital Sourrouille during the presidency of Raúl Alfonsín. Previous context Raúl Alfonsín became president of Argentina in 1983 through democratic elections, receiving hig ...

tried to fix it by placing limits on wages and prices and limiting money printing. The plan eventually failed as unions pressured for higher wages and businesspeople pressured for higher prices. The spring plan had similar goals and sought to keep the economy stable until the 1989 presidential elections. The new plan failed as well, causing an hyperinflation near the end of Alfonsín's presidency. It was followed by the BONEX Plan, during the new Menem administration.

References

* {{Economy of Argentina Presidency of Raúl Alfonsín Economic history of Argentina Inflation in Argentina 1988 establishments in Argentina 1992 disestablishments in Argentina