The national public sector registered a Primary fiscal surplus in August, which increased 30% in real termswith respect to the same month of 2024. Likewise, the financial result was again positive after the “red” of July.
According to the official numbers of the Ministry of Economy, the fiscal balance without the interests of the debt showed a favorable balance of $ 1,556,864 million. By adding these payments, the number is reduced to $ 390,301 million.
The expense was reduced 6.4% realversus a year ago. The most significant adjustments were given in subsidies to energy and transport, and in transfers current to provinces.
At the other extreme, improvements in social benefits and transfers to universities highlighted. Even so, it should be clarified that, in relation to 2023, transfers to provinces remain well below.
Meanwhile, Income also fell, although to a lesser extent (-2.7%). It happened in the middle of a Economic activity stoppedwhich is on its way to a new recession.
Thus, in the first eight months of the year the primary surplus reached approximately the 1.3% of GDP And the financial balance represented the 0.4% of the product. It is worth remembering that July’s financial deficit had been explained fundamentally by the semiannual payment of the interests of the bonds issued in the debt restructuring of 2020.
The Government celebrates the fiscal surplus, the fundamental pillar of its economic plan
The data were held by the President Javier Milei In his networks, who last Monday, in the presentation of the 2026 budget, made the fiscal balance the axis of his speech by maintaining that this is the “definitive solution for Argentina’s problems.”
For his part, the Minister of Economy, Luis CaputoHe argued that “in the face of attempts on the part of the political arc to break the fiscal balance, the Government will continue to guarantee order in public accounts, since it is a necessary condition to continue improving the quality of life of Argentines.”
“Since last year, the fiscal order has been a fundamental pillar to stabilize macroeconomics and reduce tax pressure. Only in 2025, the return of resources to the private sector due to the elimination of the country tax and the decrease in export rights and import tariffs is estimated at about 1.4% of GDP,” he added.
In the budget, the Executive Power projected a primary balance equivalent to 1.6% of GDP, so there is still a stretch to reach that figure.
Source: Ambito
