Argentina Posts 6 Months of Fiscal, Financial Surpluses

Argentina Posts 6 Months of Fiscal, Financial Surpluses
Argentine President Javier Milei looks on as he is received by German Chancellor Olaf Scholz at the Chancellery in Berlin on June 23, 2024. Liesa Johannssen/Reuters
Reuters
Updated:
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BUENOS AIRES—Argentina posted primary fiscal and financial surpluses in June, the economy ministry said on Tuesday, showing the fruits of a drastic austerity package rolled out by libertarian President Javier Milei, who took office in December.

Both the fiscal and financial balances are the sixth consecutive monthly surpluses, and June’s financial surplus—which includes interest payments by the government—is the first time since 2008 that six in a row have been recorded, the ministry added.