Argentina’s fiscal deficit skyrocketed last year to its highest since at least 1993, as the pandemic forced the government to increase social spending. The primary deficit, which excludes interest payments, rose to 6.5 percent of gross domestic product in 2020 from 0.4 percent a year earlier, the government said on Wednesday. With debt payments included, … Read more
Argentina will not need a new version of the Ingreso Familiar de Emergencia (IFE) scheme, implemented last year during the coronavirus pandemic, a senior government official has told Bloomberg. The government is working from a base scenario in which restrictions on the circulation of citizens will not be restricted nationwide, as was the case last … Read more
THE WEEK IN CORONAVIRUS There were 1,853,830 confirmed cases of coronavirus and 46,575 deaths at press time yesterday as against 1,783,047 cases and 45,227 deaths the previous Friday. One of those fatalities was Juan Carlos Copes, 89 – the veteran tango performer who spread the fame of the dance worldwide – during last weekend. On … Read more
A one-of-its-kind plan to tax the wind in Argentina has drawn scorn from clean-energy companies, who say the move threatens climate-change goals that are already looking unattainable from Latin America to Asia. Puerto Madryn, a city on the Atlantic coast where gusts are coveted by wind developers like Genneia SA, wants to tax the megawatts … Read more
Argentina is continuing to work with the International Monetary Fund on a deal to restructure US$ 44 billion in debt owed to the multilateral lender, President Alberto Fernández said Thursday. The Peronist leader delivered the remark via a post on Twitter, following a video call with IMF chief Kristalina Georgieva. “This morning I had a … Read more