The Surplus Came Back in July: There Was Debt Payment and a Sharp Cut in Spending, in Which Sectors?
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The Ministry of Economy reported that the national public sector recorded a surplus of $244,897 million, following the June deficit
The Government Reported a Fiscal Surplus of $244,897 Million in July After Debt Maturities Were Paid
According to data from the Ministry of Economy, the primary result exceeded $2.9 billion, but the commitment to bondholders absorbed more than $2.7 billion a month.
The public accounts resumed the positive result after the deficit recorded in June. In the first seven months of the year, the accumulated financial result is equivalent to 0.1% of GDP. The entry The government again closed July with fiscal surplus after deepening the adjustment of spending was first published in #BorderPeriodismo.
The Surplus Came Back in July: There Was Debt Payment and a Sharp Cut in Spending, in Which Sectors?
The National Public Sector (SPN) recorded in July a primary surplus of $2.96 billion and a financial surplus of $244,897 million. “This result was reached in one month, with a high concentration of maturities of debt interest, given the payment of Global and Bonares bonds coupons. In this sense, the payment of net public debt interest on intra-public sector holdings was $2,715,436 million,” explained Economy Minister Luis Caputo, through a post …
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