Argentina brought in its first budget surplus in more than a decade in 2024, marking a win for libertarian President Javier Milei and his sweeping austerity push in his first full year in office. The nation’s budget surplus came in at 1.76 trillion pesos, or 0.3% of gross domestic product (GDP) in the full year, the economy ministry said. Meanwhile the primary fiscal balance, which excludes debt payments, was up to a 10.41 trillion peso surplus, or 1.8% of the GDP.
January 17, 2025
SOURCE: UK FINANCE
Milei’s Argentina seals budget surplus for first time in 14 years