Argentina achieved a budget surplus, marking the second consecutive year of fiscal outcome. The news was attributed to the “zero deficit” policy enacted by President Javier Milei upon his assumption of office in December 2023. Argentina’s primary surplus, excluding interest payments on debt, was recorded at 1.4 percent of gross domestic product last year, while … Read more
Economy Minister Luis Caputo announced that 2025 closed with a primary fiscal surplus of AR$11.7 trillion, equivalent to 1.4% of GDP, while the overall financial balance showed a surplus of AR$1.45 trillion, or 0.2% of GDP. Caputo noted that this represents “the first time since 2008 that two consecutive years of cash-based financial surplus have … Read more
Argentine markets reacted positively to the legislative approval of the 2026 budget on Friday, despite a moderate effect on asset prices. Analysts indicate that markets had anticipated the passage of the bill and are now focused on the administration’s approach to implementing structural reforms. “The approval of the budget holds significant importance; however, it was … Read more
Having dedicated the first half of his term to a successfully maintained and electorally vindicated consolidation of a fiscal surplus, President Javier Milei identifies a primary challenge for the second half as positioning Argentina on a sustained growth trajectory. He benefits from a recent electoral mandate that facilitates consensus-building, a weakened opposition facing an ongoing … Read more