LatinNews Daily - 23 February 2023

In brief: Argentina’s fiscal deficit surges year-on-year

*Argentina’s economy ministry has announced that the country posted a primary fiscal deficit of Ar$203.9bn (US$1.05bn) in January 2023. This is a significant increase on the deficit of Ar$16.7bn recorded in January 2022. However, the deficit is down on the Ar$502.1bn registered in December 2022. The economy ministry noted that performance was affected by “severe drought which had a major impact on the yield of the main exportable products”. Prolonged drought continues to wreak havoc on Argentina’s agricultural sector in recent months.

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