Argentina
The Government reported a financial surplus of $635,529 million in August
According to the Ministry of Economy, the National Public Sector maintained a positive balance in August even though primary spending once again grew faster than revenues. In the first eight months of the year, the cumulative financial result was around 0.2% of GDP.
The National Public Sector recorded a financial surplus of $635,529 million in August, after a positive primary result of $1,990,322 million and debt interest payments net of holdings within the public sector of $1,354,793 million.
According to the Ministry of Economy, in the first eight months of the year the cumulative primary surplus was approximately 1.1% of GDP, while the financial surplus stood at around 0.2% of GDP.
The Minister of Economy, Luis Caputo, said the result reflects “fiscal order” and stated, according to the ministry, that the budget bill foresees maintaining that framework in 2027. According to iProfesional, the official also highlighted that the August financial surplus showed a year-on-year improvement of 62.8%.
In August, total revenues reached $15,027,157 million, with a nominal year-on-year increase of 32.2%. Tax revenues grew 35.1% in nominal terms. At the same time, primary spending reached $13,036,836 million, with a nominal increase of 32.9%.
Among the main items, social benefits totaled $8,401,245 million and economic subsidies, $1,270,715 million. The Ministry of Economy attributed that increase to the higher cost of power generation in the context of the crisis in the Middle East. Wages amounted to $1,603,158 million and current transfers to the private sector reached $3,659,840 million.
Economy also noted that transfers to universities posted a nominal increase of 46.4% “in compliance with the law approved by the National Congress in 2025”. According to iProfesional, Caputo also mentioned real increases in PAMI benefits, the Universal Child Allowance and non-contributory pensions.
Capital spending stood at $403,965 million. In that area, the ministry highlighted road works, allocations for the National Atomic Energy Commission and the resumption of work at the La Barrancosa-Cóndor Cliff hydroelectric complex.
Sources
About this note. Written by El Notero with the assistance of artificial intelligence, based on what was published by the cited outlet. El Notero did not conduct its own reporting on this event.
