US EditionTürkiye's central budget balance shifts to surplus in February
15 Articles
15 Articles
The accumulation of the first two months of the year results in a primary result of around 0.4% of GDP and approximately 0.1% if the payment of interest on debt is taken into account
The national government reported that the National Public Sector (SPN) again recorded fiscal surplus during February, in line with the policy of balancing public accounts promoted by the management of President Javier Milei. According to the data disseminated by the Argentine Ministry of Economy, the primary result of the month reached $1.4 billion, while the financial surplus—which contemplates the payment of debt interest—was $144,421 million.…
The minister reported a primary surplus of $1.4 billion and a positive financial result. He assured that the government maintained the fiscal course, despite the payment of interest and with increases in social funds.
With a similar dynamic of expenditure in nominal terms, the positive result is explained by a real reduction in both resources and expenditure.
The Ministry of Economy managed to keep the state numbers positive with the help of property income and other non-tax revenues.
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