Argentina Achieves Primary Fiscal Surplus in February

Argentina achieved a primary fiscal surplus of 1.177 trillion pesos in February, with a public sector surplus of 310.73 billion pesos. These results reflect the austerity measures initiated by President Javier Milei to combat the country’s economic crisis.

In February, Argentina achieved a primary fiscal surplus of 1.177 trillion Argentine pesos, equivalent to approximately $1.10 billion, as reported by Economy Minister Luis Caputo. This positive financial outcome is attributed to the government’s strict austerity measures, which are part of libertarian President Javier Milei’s strategy to address the ongoing economic crisis. Additionally, the public sector recorded a financial surplus of 310.73 billion pesos for the same month, highlighting the government’s commitment to fiscal discipline.

Argentina’s achievement of a primary fiscal surplus in February signifies an important step towards economic stability amidst challenging conditions. The successful implementation of austerity measures under President Javier Milei aims to restore fiscal balance and foster a healthier economic environment, as evidenced by both the primary and public sector surpluses reported.

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