Argentina achieved a primary fiscal surplus of 1.177 trillion pesos ($1.10 billion) in February, alongside a financial surplus of 310.73 billion pesos, as part of austerity measures led by Economy Minister Luis Caputo and President Javier Milei.
In February, Argentina recorded a primary fiscal surplus of 1.177 trillion Argentine pesos, equivalent to approximately $1.10 billion, as announced by Economy Minister Luis Caputo. Additionally, the public sector achieved a financial surplus of 310.73 billion pesos during the same period. This positive performance aligns with the government’s stringent austerity measures aimed at addressing ongoing economic challenges under the leadership of libertarian Javier Milei.
The reported fiscal surpluses reflect Argentina’s efforts to stabilize its economy through rigorous fiscal measures. The primary surplus of 1.177 trillion pesos signifies a proactive approach to managing public finances amidst a significant economic crisis. Innovations in economic policy under President Javier Milei indicate a commitment to restoring fiscal order.
Original Source: www.tradingview.com
