Argentina has reported a primary fiscal surplus of 1.177 trillion pesos and a public sector surplus of 310.73 billion pesos in February. This marks the 13th consecutive monthly surplus under President Javier Milei, reaffirming the commitment to fiscal order amidst an economic crisis.
Argentina has reported a notable primary fiscal surplus and a public sector financial surplus for February, as stated by the government. This achievement aligns with President Javier Milei’s commitment to a ‘zero deficit’ initiative aimed at addressing the economic crisis and achieving a balanced budget. The primary surplus for last month amounted to 1.177 trillion Argentine pesos, equivalent to approximately 0.5% of the gross domestic product (GDP), according to the economy ministry.
This marked the 13th consecutive monthly fiscal surplus during President Milei’s 14 months in office. In addition, the public sector recorded a financial surplus of 310.73 billion pesos, approximately 0.1% of GDP. Economy Minister Luis Caputo emphasized the importance of these results, stating that they further solidify the government’s commitment to fiscal order, which is critical for fostering a resilient economy that promotes quality employment and sustainable income growth.
In summary, Argentina’s recent fiscal achievements reflect a significant commitment to fiscal order under President Javier Milei. The reported surpluses highlight the government’s effort to stabilize the economy amidst ongoing challenges. Despite necessary expenditure reductions, including cuts to education and pensions, the administration continues to strive for financial sustainability and economic recovery.
Original Source: www.tradingview.com
