With nine consecutive months of balance, the government keeps fiscal discipline as a central pillar
From the Ministry of Economy, Luis Caputo celebrated the result and targeted sectors seeking to undermine the Executive's fiscal strategy: "In the face of attempts by the political spectrum to break fiscal balance, the Government will continue to guarantee order in public accounts, because it is a necessary condition to improve the quality of life for Argentines."
The minister also recalled that, since the beginning of Milei's administration, fiscal order has made it possible to lower inflation, reduce the tax burden, and cut taxes by the equivalent of 2.5% of GDP, while there has been strong growth in credit to families and businesses.
With nine consecutive months of surplus, the Government reaffirms that fiscal discipline is the central axis of its economic program. Far from the inherited disorder, Milei and Caputo are consolidating a path of responsibility and austerity that is beginning to translate into stability, credit recovery, and signs of confidence for the future.
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.
