THE GOVERNMENT ANNOUNCED THAT IT HAD A PRIMARY SURPLUS IN MARCH: IT ESTIMATED IT TO BE 0.5% OF GDP
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✍️ The Argentine government reported a fiscal surplus of $930.284 million in March, exceeding expectations and reinforcing the country's fiscal anchor.
👉 The government reported a fiscal surplus of $930.284 million in March 👉 The surplus is equivalent to approximately 0.5% of the country's GDP 👉 The government's fiscal surplus is a result of a combination of factors, including an "extraordinary" income from the privatization of hydroelectric power plants 👉 Tax revenues increased by 21.6% in March, but are still below inflation 👉 Government spending decreased by 31.5% in March compared to the same period last year
-- #Argentina #Comahue #economy
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