In April 2025, Argentina’s national government reported a financial surplus of 572.341 billion pesos, equivalent to approximately 0.2% of the Gross Domestic Product (GDP). This marks the fourth consecutive month of fiscal surplus under President Javier Milei’s administration.

Key Fiscal Indicators:

  • Primary Surplus: 845.949 billion pesos.

  • Financial Surplus (after debt interest payments): 572.341 billion pesos.

  • Cumulative Primary Surplus (January-April 2025): 0.6% of GDP.

  • Cumulative Financial Surplus (January-April 2025): 0.2% of GDP

These results were achieved despite a reduction in tax pressure equivalent to two percentage points of GDP in 2024. The government’s fiscal strategy focuses on expenditure reduction, including cuts in public spending, subsidies, and discretionary transfers to provinces.

President Milei emphasized the significance of these fiscal achievements, stating that after 123 years of fiscal deficits, Argentina has attained a sustainable fiscal balance.

The administration views fiscal discipline as a cornerstone for economic stability, aiming to reduce inflation, attract investment, and foster sustainable growth.

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