Argentina achieved a primary fiscal surplus of 1.177 trillion pesos ($1.10 billion) in February, while the public sector recorded a surplus of 310.73 billion pesos. These developments are part of the government’s stringent austerity measures to combat the economic crisis.
In February, Argentina reported a primary fiscal surplus of 1.177 trillion Argentine pesos, equivalent to approximately $1.10 billion, as announced by Economy Minister Luis Caputo. This positive outcome reflects the government’s efforts under libertarian President Javier Milei, who has implemented strict austerity measures to address the ongoing economic crisis. Additionally, the public sector recorded a financial surplus of 310.73 billion pesos for the same month, signifying progress amidst challenging fiscal conditions.
Argentina’s achievement of a primary fiscal surplus in February underscores the effectiveness of its austerity policies in the face of an economic crisis. The reported public sector financial surplus further highlights the government’s commitment to fiscal responsibility and economic stabilization under the current administration.
Original Source: www.tradingview.com
