Argentina reduces primary deficit to 2.4 pc

Argentina’s primary fiscal deficit in 2018 was 2.4 per cent of its gross domestic product (GDP), meeting the goal agreed upon with the International Monetary Fund (IMF), its finance minister said Friday.

“Argentina closes the year of 2018 with a negative primary result of 338.987 billion pesos (around 9.02 billion US dollars), 2.4 per cent of the GDP, which is compared with a primary deficit of 3.8 per cent of GDP in 2017,” Argentina’s Minister of the Treasury Nicolas Dujovne said during a press conference.

Dujovne said the result fulfilled the fiscal goal established in the standby agreement with the IMF, namely to bring the primary fiscal deficit down at 2.7 per cent of GDP in 2018. He said the IMF will review the program in the coming month. Argentina is expected to have access to its disbursement of 10.8 billion dollars in March.

 

Argentina reduces primary deficit to 2.4 pc

Argentinas primary fiscal deficit in 2018 was 2.4 per cent of its gross domestic product (GDP), meeting the goal agreed upon with the International Monetary Fund (IMF), its finance minister said Friday. Argentina closes the year of 2018 with a negative primary result of 338.987 billion pesos (around 9.02 billion US dollars), 2.4 per cent of the GDP, which is compared with a primary deficit of 3.8 per cent of GDP in 2017, Argentinas Minister of the Treasury Nicolas Dujovne said during a press conference. Dujovne said the result fulfilled the fiscal goal established in the standby agreement with the IMF, namely to bring the primary fiscal deficit down at 2.7 per cent of GDP in 2018. He said the IMF will review the program in the coming month. Argentina is expected to have access to its disbursement of 10.8 billion dollars in March.