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October 25, 2014
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Primary fiscal surplus grows 84.5% in May

Argentina’s primary fiscal surplus reached 3.08 billion pesos in May, representing an increase of 84 percent over the same month a year earlier, the Economy Ministry revealed today on its website.

Last year, the country ended with a fiscal deficit of 22.4 billion pesos (2.7 billion dollars).

The 2014 Budget set a fiscal surplus of 2.59 percent of its Gross Domestic Product (GDP), which represents 83.8 billion pesos, or 10.2 billion dollars.

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Tags:  Argentina  Economy  Fiscal surplus  





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