December 12, 2013
July’s fiscal deficit: $2.725,1 million
The fiscal deficit in July pointed $2.725,1 million, an improvement of 5,52% comparing last year’s record of 2.884,3 million.
In order to ameliorate the deficit, Federal Government received an aid of $6.836,5 million from the Central Bank and the Anses pensions fund.
In addition, the primary results of the public accounts increased to 51,9%, while registering a total of $803,5 million against $528,7 million in 2012.
The public sector had a primary fiscal surplus of $803,5 million, an increment of $274,8 million comparing last year’s record.
However, the financial deficit within the first seven months of 2013 registered the sum of $16.514,3 million, a growth of 22% in contrast to the 13.517,3 million produced in July 2012.
According to the Ministry of Economy, the resources grew 36,6%, which “reflects a robust increment of the economic activity, the intern consumption, the employment and the salaries as well”.
Meanwhile, the primary spending increased by 36,5% as result of the Social Security contributions.
“This evidences the priorities in terms of social investment and in infrastructure by the Government”, concluded the official press release.