$11.05 billion pesos primary budget deficit

Argentina posted a primary budget deficit of 11.05 billion pesos in December, compared with a 8.11 billion peso deficit in the same month a year earlier, the government said. 

The primary budget balance, which shows government finances before debts are paid, accumulated a deficit of 4.37 billion pesos in 2012. This compared with a surplus of 4.92 billion pesos in 2011.