June closed with a 3 point GDP deficit

The national public sector registered during the first half of the year a primary deficit of $911,124 million equivalent to 3.3 points of GDP, reports the Congressional Budget Office (CBO). The programs that the Government had to implement to attend the health emergency derived from the COVID-19 pandemic represented 449.74 billion pesos ($6.3 bn). According to economists, the public sector deficit projects at a record of between 7 and 8 points of GDP, which would only be manageable if the Country debt front, both local and international, is closed; an agreement reached with the IMF; and an economic program is put in place to compose the activity and improve tax revenues.

Source: Ámbito