Fiscal Balance in Argentina

Argentina Fiscal Balance | Economic News & Forecasts

Argentina - Fiscal Balance

The economy seemingly moved into a lower gear in Q1. Annual growth in economic activity slowed in the quarter. Moreover, consumer confidence dropped further, while inflation spiked. On top of this, the industrial sector expanded at a weaker pace than in Q4. Turning to Q2, a further deterioration in consumer confidence in April-May, coupled with rising inflation, bodes poorly for household spending and overall activity. Meanwhile, the country recently postponed payments on its over USD 2 billion debt to the Paris Club group until 2024 or until a new framework is agreed. Moreover, the government launched a tender to build a new gas pipeline from the Vaca Muerta shale formation, which could increase transport capacity by 25%, and is encouraging investment in the project. Finally, in order to reduce the fiscal deficit, an 'extraordinary income' tax was announced in June, which should mainly affect the grains industry.

Argentina - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-5.1  -5.8  -5.9  -5.0  -3.8  

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Argentina Facts

Value Change Date
Bond Yield6.690.15 %Dec 17
Exchange Rate59.880.45 %Dec 30

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