Back

LatinNews Daily - 23 January 2020

In brief: Argentina closes 2019 with slight primary fiscal deficit

* Argentina’s economy ministry has reported that the country closed the year 2019 with a primary fiscal deficit of Ar$95.122bn (US$1.586bn), equivalent to 0.44% of GDP. This is broadly in line with the financial markets’ predictions, and down from a 2018 fiscal deficit which stood at 2.32% of GDP, suggesting that the previous administration led Mauricio Macri (2015-2019) was successful in its (unpopular) fiscal adjustment programme. Argentina’s 2019 net fiscal deficit, including payments of interest on debt, totals Ar$819.407bn, or 3.76% of GDP. The economy ministry, now headed by Martín Guzmán in the Peronist government of President Alberto Fernández, notes that if it weren’t for so-called “extraordinary income” (which includes, amongst other things, profits from the sale of some fixed assets of state-owned companies), the country would have recorded a primary deficit of 0.96% of GDP and a net fiscal deficit of 4.28% of GDP. 

End of preview - This article contains approximately 155 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.