The primary deficit of the public administration in 2020 reached AR$477.41 billion ($5.63 billion), according to the Congressional Budget Office ( OPC).The PCO report details that there was a capital inflow of AR$146.055 billion ($1.72 billion) and capital outflow of AR$419.84 billion ($4.95 billion).
Argentina plans to boost natural gas exports to Brazil by up to 20 million cubic metres/day, Energy Secretary Daniel Martinez said. The move is seen as key for fueling production growth from the giant Vaca Muerta shale play. The focus of the exports will be to the southern states of Paraná, Santa Catalina and Rio Grande do Sul.
Argentina’s Ripio has acquired BitcoinTrade, the second-largest crypto exchange in Brazil, in a bid to increase its footprint across the frothy Latin American crypto market. Ripio (formerly called BitPagos) ended 2020 on a high, crossing the 1 million user milestone.
Argentina's country risk reached a maximum of 1,417 basis points, reflecting investors' fears about the behavior of the domestic economy and doubts about the international situation of the markets, traders told Reuters. They said that the financial problems faced by Argentina are compounded by fears of new confinements in Europe due to the increase in cases of COVID-19.
Argentina's Energy Secretariat said it has authorized a gradual 91% increase in biodiesel prices and 56% in the price for ethanol for oil refiners to mix into diesel and gasoline over the next few months, the first hike since October.