Argentina achieved a primary fiscal surplus of 1.177 trillion pesos ($1.10 billion) in February, with an overall public sector financial surplus of 310.73 billion pesos, as the Milei administration enacts austerity measures to combat economic challenges.
In February, Argentina reported a primary fiscal surplus of 1.177 trillion Argentine pesos, equivalent to $1.10 billion, according to Economy Minister Luis Caputo. This achievement reflects the government’s ongoing efforts to implement austerity measures under the leadership of libertarian Javier Milei. Additionally, the public sector recorded a financial surplus of 310.73 billion pesos for the month, indicating progress amid challenging economic conditions.
Argentina’s achievement of a primary fiscal surplus in February signifies a positive step towards addressing its economic turmoil through stringent fiscal policies. The reported figures highlight the government’s commitment to managing public finances effectively while navigating the ongoing economic crisis.
Original Source: www.tradingview.com
