Fiscal Balance in Argentina

Argentina Fiscal Balance | Economic News & Forecasts

Argentina - Fiscal Balance

Although annual growth likely slowed in Q3 due to a weaker base effect, GDP seemingly rebounded in sequential terms. Economic activity expanded month-on-month in July-August, while the external sector seemed upbeat in the quarter. Meanwhile, although consumer sentiment improved somewhat in Q3, rising inflation could have restrained household spending. In a bid to tame inflation, in mid-October the government froze prices for over 1,000 household goods until early next year, although this will likely curb production. In other news, talks to restructure the country’s USD 45 billion debt with the IMF are ongoing, with a repayment due in March next year. The government has hardened its stance ahead of November’s congressional elections, urging the Fund to drop surcharges in order to secure a deal. On a brighter note, Argentina and Brazil recently agreed to reduce Mercosur’s common external tariff.

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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