The National Public Sector (SPN) recorded a financial surplus of $309.623 billion in September, according to the Ministry of Economy. This marks the ninth consecutive month with a positive result, an achievement that consolidates the fiscal balance policy promoted by President Javier Milei and his Minister of Economy, Luis Caputo.
The primary result, before debt interest payments, reached $696.965 billion, while interest payments totaled $387.342 billion, leaving a favorable financial balance. With these figures, the SPN accumulated through September a primary surplus equivalent to 1.3% of GDP and a financial surplus of 0.4%, figures that reaffirm the Government's commitment to the so-called "fiscal anchor."
Total public sector revenues amounted to $11.6 trillion, a 29.9% year-on-year increase, driven by economic recovery and improvement in real tax collection. Meanwhile, total spending stood at $10.9 trillion, 31.8% higher than in the same month of 2023, maintaining a prudent expenditure structure in a context of orderly adjustment.
In the breakdown, transfers to the private sector totaled $2.5 trillion, while those to the public sector reached $610 billion, showing stricter control over discretionary disbursements.
