Overview
- The IMF’s Fiscal Monitor projects a 4.3% of GDP deficit for this year, exceeding the government’s 3.9% goal for 2025.
- Net government debt is estimated at 51.6% of GDP by year‑end and is set to climb toward about 54.4% by 2030 without stronger action.
- IMF officials urge a more ambitious, focused correction that improves spending efficiency and accelerates revenue mobilization.
- Recommended revenue steps include administrative upgrades, tackling informality and simplifying value‑added‑tax exemptions, after collections rose from 12.7% to 14.6% of GDP in five years.
- IIF economist Martín Castellano says fiscal targets appear lax and lack clear delivery plans, heightening financing uncertainty along with concerns over growth, security and rule of law.