Latest / Argentina News Today | 2 Min News | The Daily News Now!
Argentina’s Fiscal Surplus at a Cost | Argentina News
Argentina’s government, led by President Milei, pulled off a surprising fiscal surplus in July—spending less than it earned, even after factoring in debt interest—despite a real-term drop in revenue due to inflation. To make it happen, they slashed spending on energy subsidies, provincial transfers, and social welfare programs, including pensions. Analysts note that without selling state assets, the surplus would be much smaller. To hit IMF targets, officials are diverting fuel tax revenues meant for highway maintenance into the general budget, sparking debate over whether this is a necessary…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.