In the first eight months of the year, total revenues fell by 4.2% in the year-on-year comparison, while the decline in expenditures reached 27.4%. Although there was a financial deficit in August, there was a surplus in this item, which includes the payment of interest on the debt. The National Government recorded a primary surplus, both in August and in the first eight months of the year, totaling ARS7.6 billion.
- National Government revenues totaled ARS54.7 billion, which implied a contraction in real terms of 4.2% year-on-year (YoY).
- Revenues linked to the exchange rate grew: Export Duties increased 34.8% YoY and PAIS Tax collection rose 249.9% YoY. The rest of the taxes contracted in real terms.
- Total expenditures amounted to ARS54.2 billion. Proportionally, the fall in real terms was more pronounced in pensions and capital expenditures.
- In August, pensions above the minimum benefit recovered 9.8% in real terms with respect to December 2023. Minimum benefits fell 5.4% given that the reinforcement bonuses have not been updated since March.
- The current budget appropriation increased 133.8% year-to-date and 57.6% of this budget was executed on average up to August.
