The South American country has accumulated a primary surplus of about 1.7% of GDP in the first nine months of the year.Additionally, it has achieved a financial surplus of nearly 0.4% of GDP during the same period.
The positive result stems from sustained and significant spending cuts, which have offset the moderate increase in revenue. The national public sector has maintained this trend throughout the year’s first three quarters.
October 18, 2024
SOURCE: RIO TIMES
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Argentina Achieves Nine Consecutive Months of Fiscal Surplus