From Ambito · Carlos Lamiral · · 40s
October Fiscal Result Defines Fiscal Target
Argentina's October fiscal result will determine if government meets $16.2bn FMI surplus target.
In brief
Argentina's October fiscal result will determine if government meets $16.2bn FMI surplus target. Argentina's government must achieve $2.5bn surplus in December to meet $16.2bn fiscal target agreed with IMF. Originally reported by Ambito.
October Fiscal Data Release
Argentina's Ministry of Economy will release October fiscal results this Monday.
October Fiscal Performance
Primary expenditure fell 9.7% year-on-year to $12.31bn in October.
Monthly Fiscal Deficit
October fiscal deficit reached $112.37bn, a 4.2% contraction from previous year.
Key Fiscal Cuts
Provincial transfers dropped 71.2%, university transfers fell 46.8% in October.
December Target Challenge
Government needs $2.5bn surplus in December to meet $16.2bn fiscal target.
The key point
Argentina's government must achieve $2.5bn surplus in December to meet $16.2bn fiscal target agreed with IMF.
