Primary fiscal deficit estimated at 2.5% of GDP

The coronavirus is wreaking havoc on the various economies, and Argentina is particularly vulnerable to this black swan. Private analysts have begun to modify their forecasts for the primary fiscal deficit, and some estimate the difference between what the state spends and what it collects at 2.5% of GDP. If these projections are confirmed, the capacity to face the foreign debt would be strongly affected. The three levels of government must guarantee the elimination of unnecessary expenditures and an orderly and transparent process for the use of peso issuance.

Source: Ámbito

Categories: Macroeconomy/Finance