|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Argentina

Government Says Argentina’s Budget Deficit Came In at 0.40% in Q1

BUENOS AIRES – Argentina finished the first quarter of 2017 with a budget deficit equivalent to 0.40 percent of the gross domestic product (GDP), a figure that came in 0.20 percent below the government’s target, Finance Minister Nicolas Dujovne said on Thursday.

“We have a deficit goal that we’re going to meet,” Dujovne said in a press conference.

The finance minister reviewed the budget figures for the January-March period, telling reporters that the “prudent policies” implemented by President Mauricio Macri’s administration “are starting to impact the numbers.”

If the trend continues, according to Finance Ministry figures, Argentina will end 2017 with a deficit of 49.5 billion pesos ($3.15 billion), equivalent to 4.2 percent of GDP, meeting the government’s goal for the year.

The Macri administration has set a budget deficit target of 3.2 percent of GDP for 2018 and 2.8 percent by the end of the president’s term.

During the January-March period, Argentina’s budget deficit came in at 41.34 billion pesos (about $2.6 billion), meeting the administration’s goal for the first quarter and falling 0.20 percent, compared to the same period in 2016.

The drop in the budget deficit was a result of the tax amnesty that ended in March and the elimination of subsidies for utilities, such as electricity and gas, Dujovne said.

The end of the utility subsidies resulted in consumers having to absorb a large increase in rates.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved