Argentina posts fiscal deficit of 1.5 percent of GDP in H1Staff Writer | July 20, 2017
Argentina posted a primary fiscal deficit of 144 billion pesos ($8.4 billion), or 1.5 percent of gross domestic product, in the first half of 2017, Treasury Minister Nicolas Dujovne said, beating the government target for a gap of 2 percent of GDP.
LatAm The primary fiscal deficit was 103 billion pesos
For June, Argentina posted a primary fiscal deficit of 57 billion pesos, compared with 27 billion pesos in May.
The primary budget balance, which measures government spending relative to income and does not include debt payments, is followed by the markets as an indicator of Argentina's ability to meet its financial obligations. ■