Argentina posted a primary fiscal surplus of 1.177 trillion pesos in February, along with a financial surplus of 310.73 billion pesos, as part of austerity measures from the government under President Javier Milei.

In February, Argentina recorded a primary fiscal surplus of 1.177 trillion Argentine pesos, equivalent to approximately $1.10 billion, according to Economy Minister Luis Caputo. Additionally, the public sector achieved a financial surplus of 310.73 billion pesos for the month. These outcomes reflect the government’s implementation of strict austerity measures aimed at addressing the ongoing economic crisis under the leadership of libertarian President Javier Milei.

Argentina’s achievement of a primary fiscal surplus and a financial surplus in February signifies a proactive approach to mitigate its economic challenges. With austerity measures in place, the government aims to stabilize the economy and improve fiscal health amidst ongoing fiscal pressures.

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