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23h ago

Argentina Posts August Fiscal Surplus as Year-to-Date Balance Nears IMF Target

Officials say the eight‑month primary balance reached about 1.3% of GDP, nearing the IMF goal.

10-09-2025 Buenos Aires - Reunión de Gabinete. Casa Gobierno. Luis Caputo. Foto: Luciano Thieberger.  FTP CLARIN LTH_4847.jpg Z Invitado
Superávit de $390.301 millones en agosto.
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Overview

  • Official data show a primary surplus of ARS 1,556,864 million in August and a financial surplus of ARS 390,301 million after ARS 1,166,564 million in interest payments.
  • Through August, the national public sector reports a primary surplus equal to roughly 1.3% of GDP and a financial surplus near 0.4% of GDP, moving toward the 1.6% IMF primary target for 2025.
  • August revenues totaled ARS 11,366,068 million (+29.9% y/y) and primary spending was ARS 9,809,204 million (+25% y/y), with strong contributions from import duties, social security contributions and income tax.
  • Economic subsidies fell ARS 214,933 million y/y (−18.8%), including declines in energy (−ARS 166,107 million) and transport (−ARS 52,231 million), while transfers to national universities rose 45.9% y/y to ARS 341,231 million.
  • Luis Caputo defended the fiscal stance and criticized opposition moves in Congress, as analysts flag market stress and note that excluding capitalized interest on peso debt remains a point of contention for sustainability assessments.