Argentina posted primary fiscal and financial surpluses in April, driven by an austerity package under new libertarian President Javier Milei.The primary fiscal surplus stood at 264.9 billion pesos ($299.0 million) in April, down from the 625.0 billion pesos seen in March, but marking the fourth straight month in positive territory after years of regular deficits. The president has pushed austerity, despite a steep cost to economic activity, and looked to curb liquidity in the market, a campaign that has been well received by investors and major backer, the International Monetary Fund (IMF).
May 17, 2024
SOURCE: LIVE MINT
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