In February, Argentina achieved a primary fiscal surplus of 1.177 trillion pesos ($1.10 billion) and a public financial surplus of 310.73 billion pesos, as part of austerity measures led by Economy Minister Luis Caputo and President Javier Milei.

In February, Argentina recorded a primary fiscal surplus of 1.177 trillion Argentine pesos, equivalent to approximately $1.10 billion, as announced by Economy Minister Luis Caputo. This achievement comes amidst considerable economic challenges facing the country. Additionally, the public sector reported a financial surplus of 310.73 billion pesos during the same month. The administration of President Javier Milei is implementing strict austerity measures to address the ongoing economic crisis.

Argentina’s February financial performance demonstrates a significant primary fiscal surplus, reflecting the government’s commitment to stringent fiscal measures. The financial surplus underscores the effectiveness of the current administration’s austerity strategies in alleviating economic pressures.

Original Source: www.tradingview.com