MercoPress, en Español

Montevideo, May 19th 2022 - 16:06 UTC

 

 

Argentina complies with IMF 2018 primary fiscal deficit target: 2.4% of GDP

Saturday, January 19th 2019 - 09:13 UTC
Full article 4 comments

Argentina outperformed its primary fiscal deficit target for 2018, Economy Minister Nicolas Dujovne said on Friday, assuring that the country’s standby finance deal with the International Monetary Fund remains on track. Read full article

Comments

Disclaimer & comment rules
  • Don Alberto

    ”Argentina's financial deficit, including debt repayment, reached 727.927 billion pesos (US$ 19.308 billion) in 2018, or 5.2% of GDP, compared to 6.0% of GDP in 2017, Dujovne said. It is expected to fall to 3% in 2019, he added.”

    How awful! poor Reekie, how can he possibly survive a success for the much hated Macri government? - and which disaster may follow this shocking event?

    Jan 19th, 2019 - 11:22 pm - Link - Report abuse 0
  • Enrique Massot

    Ah, Don Alberto...your nick sounds pretty much like that of an old man living in a sleepy, provincial dusty town. However, you appear to know little if anything about the plight of many Argentines today.

    I would give you a friendly advice: try not to fall in love with stories that convey the official voice without giving a say to other parties.

    FYI, the Argentine government has been mandated by the IMF to reduce its fiscal deficit and the government is trying hard to do just that; inflation is expected to be tamed by drying up the place of cash in circulation -- at the cost of deepening a recession already well installed.

    What is the result of having the world's highest interest rates, about 60 per cent?

    Well...how many business you think are able to withstand the double whammy of those ski-high rates when consumption plummets and Argentina's own economic phenomena -- stagflation--festers? Companies with brand names that existed when I was a kid are closing down as we speak and people cry when managers read the names of those let go.

    Newsflash to you, DA: I do not suffer the impact that many of my country people suffer, however I do have relatives and friends who do. As a result, I would be happy to have been wrong when three years ago I predicted the current predicaments.

    ”Poor Reekie, how can he possibly survive a success for the...Macri government?

    Pity Don Alberto.

    Jan 20th, 2019 - 08:13 am - Link - Report abuse 0
  • DemonTree

    “which disaster may follow this shocking event”

    Recession, job losses, drastic loss of purchasing power due to inflation - the usual. Although follow is the wrong word, since Argentina has already been in recession for the best part of a year.

    Jan 20th, 2019 - 10:43 am - Link - Report abuse 0
  • Jonaz_BsAs

    This is a big lie by Dujovne: This does NOT include the explosive 70% interest rate, weekly compounded LELIQ bond. This guy should be sent into the sun along with the rest of the corrupt political class in this country.

    Jan 21st, 2019 - 09:15 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!