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Financial News: ARGENTINA: Government Beats Fiscal Target In H1 Of

ARGENTINA: Government Beats Fiscal Target In H1 Of 2017

07/19/2017 - 19:21:00 (RTTNews)

(RTTNews) - Argentina's Finance Minister Nicol?s Dujovne said that the country's primary deficit - the result of income and expenses before debt payments was equivalent to 1.5% of the Gross Domestic Product (GDP) in the first half of 2017 - lower than the 2% target set for the period.

In a press conference, the minister reported that the primary deficit amounted to 144.285 billion pesos, while the government target was at 195 billion pesos.

Dujovne also said that "during the first half of the year revenues grew slightly more than expenses" compared to the same period last year.

"In 2017 we are committed to reaching a maximum primary deficit of 4.2% of the GDP. We will meet that goal, and we will make every effort to overtake it," said the minister.

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