Home News Argentina records the tenth consecutive month of primary surplus in October

Argentina records the tenth consecutive month of primary surplus in October

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Argentina recorded the tenth consecutive monthly primary surplus in October, of 746.921 billion Argentine pesos ($753.7 million), Economy Minister Luis Caputo said on social media this Friday, as the government pursues strict measures of austerity to face the economic crisis.

READ MORE: Milei Effect – Investors see lower risk of Argentina defaulting

The public sector recorded a financial surplus of 523.398 billion pesos last month.

Libertarian President Javier Milei has made “zero deficit” a fundamental economic policy and promised to veto any bills that threaten fiscal balance. He blames spending by previous governments for contributing to very high inflation.

Por Eliana Raszewski e Kylie Madry

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