Macroeconomy/Finance

Fiscal deficit reached more than 10% of GDP

Last month’s net result was one of the worst, probably more harmful than the one recorded during the hyperinflation of mid-1989. The deficit reached an equivalent of $3.6 billion at the primary level, and $4.4 billion was the deficit at the financial level. It is a rate of more than 10% of GDP.

Source: Infobae

Categories: Macroeconomy/Finance