Macroeconomy/Finance

Government forecasts a primary deficit of 4.5% of GDP by 2021

The government announced this Monday that the proposed budget for 2021 will present to Congress on September 15 and that it will have a primary fiscal deficit goal of 4.5% of GDP, along with other projections of the budgetary and financial framework on which public policies will base next year. It is the first official projection on government spending for the coming year, together with the announcement of the restructuring of 99% of the debt in foreign currency, which will clear payments of $37.7 billion over the next ten years.

Source: Ámbito

Categories: Macroeconomy/Finance