Argentina Reports Primary Fiscal Surplus of 1.177 Trillion Pesos in February

Argentina recorded a primary fiscal surplus of 1.177 trillion pesos in February 2023, which is about $1.10 billion, as reported by Economy Minister Luis Caputo. The public sector also showed a financial surplus of 310.73 billion pesos due to the government’s austerity measures under President Javier Milei.

In February, Argentina achieved a primary fiscal surplus of 1.177 trillion Argentine pesos, equivalent to approximately $1.10 billion. This notable financial result was reported by Economy Minister Luis Caputo. Concurrently, the public sector recorded a financial surplus of 310.73 billion pesos, a direct outcome of the austerity measures implemented by the government under President Javier Milei to address the ongoing economic crisis.

In summary, Argentina’s achievement of a primary fiscal surplus in February highlights the effectiveness of the government’s austerity measures amid challenging economic conditions. This fiscal discipline is crucial for stabilizing the nation’s finances and paving the way for future economic recovery.

Original Source: www.tradingview.com