Argentina Sees First Monthly Budget Surplus In 12 Years

submitted by P-38lightning from (barrons.com)

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[–]Bitch-Im-a-cow 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (0 children)

That seems to be great news, but we'd want to know how they did it in order to understand it.

Part of this success was due to a renegotiation of debt payments to the IMF, which is owed $44 billion.

Looking at only the numbers, the surplus is US $589 million.

Expenditures in 2023 were US $188.6 billion.

The surplus is approximately 320th of the expenditures last year, and this year expenditures are expected to rise to US $ 384 billion.

But hopefully Argentina's economy will improve. It's previously one of the wealthier South American countries, and can return to that success with the appropriate political support.