LatinNews Daily - 21 January 2022

In brief: Argentina’s deficit shrinks year-on-year

* Argentina’s economy ministry has announced that the country’s primary fiscal deficit reached Ar$496.34bn (US$4.76bn) in December 2021. When the income from the government’s special drawing rights (SDR) agreement with the International Monetary Fund (IMF) are excluded, Argentina closed 2021 with a primary fiscal deficit of AR$1.41trn, representing 3% of GDP, and a financial deficit at AR$2.09trn, representing 4.5% of GDP. The figures are an improvement on December 2020, when the primary fiscal deficit stood at 6.5% of GDP and the financial deficit at 8.5% of GDP.

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