The Government of Javier Milei recorded a new financial surplus of $268.103 million in April, in a context marked by the decline in tax revenue compared to the same month of the previous year due to the reduction of taxes in various sectors.
According to official data released by the Ministry of Economy, the result was achieved in a scenario of lower income, which reinforces the consistency of the fiscal program based on spending control and the return of resources to the private sector.
In detail, the National Public Sector (NPS) achieved a primary surplus of $632.844 million during April, while allocating $364.741 million to the payment of public debt interest, discounting intra-public sector operations. Thus, the final financial result remained in positive territory.
Javier Milei and Luis Caputo.
In the accumulated first four months of the year, the libertarian administration achieved a primary surplus equivalent to approximately 0.5% of the Gross Domestic Product (GDP) and a financial surplus of 0.2% of GDP, consolidating the fiscal strategy implemented since the beginning of the administration.
Caputo himself emphasized that these numbers reflect a policy of strong discipline in public accounts. As he explained, the fiscal result allowed to “ensure order in public accounts,” while the Government advanced with the reduction of the tax burden to return resources to the private sector.
According to data from the national treasury, tax revenue in April reached $17.4 trillion, which represented a nominal increase of 27.2% compared to the same period of the previous year.
Luis Caputo.
The Government emphasized that the fiscal strategy included the reduction of taxes as a tool to encourage investment and boost economic activity, without compromising the balance of public accounts. In this context, they highlighted that they managed to meet debt commitments without incurring delays.
Furthermore, the Ministry of Economy projected that the continuation of this policy will allow achieving in 2026 three consecutive years of financial surplus, with lower tax pressure and full compliance with financial obligations. The economic portfolio described this scenario as “an unprecedented event in Argentine history.”
The result of April once again demonstrates the success of the fiscal direction of Milei's Government, combining spending reduction, tax cuts, and debt payment compliance, in a scheme aimed at maintaining financial balance.
