The Minister of Economy, Luis Caputo anticipated the result. He once again recorded a large primary surplus of $1.2 trillion, similar to that of January.
By dint of cut and liquefy expenses, but also step on payments, the Minister of Economy, Luis Caputo, managed in February to obtain a primary surplus of $1.2 trillion and a financial surplus of $338,112 million. The achievement was anticipated through social network X by the head of the Treasury Palace, perhaps, to counterbalance the bad news of the rejection of DNU70/2023 by the Senate.
Caputo points out in his post as relevant data to take into account that the primary result accumulated from the first two months is $3,243 billion equivalent to 0.5% of GDPI while the accumulated financial: $856,520 million-
As important data that defined the result is that in February The total income of the National Public Sector plummeted 6.3% while primary spending collapsed 36.4%. Thus, in the first two months, receipts fell by 2.5% and by 38%, in the case of expenditures.
To establish these calculations on the real evolution of the variables, the Ministry of Economy takes the result of last month’s CPI of 13.2% with a cumulative increase of 276.3% in 12 months.
DEVELOPING…
Source: Ambito
