Luis Caputo spoke about the 2027 Budget: “We will be presenting a fiscal surplus for the fourth consecutive year”

The Minister of Economy, Luis Caputo, reaffirmed the direction of the economic program and anticipated that the 2027 Budget once again contemplates a positive financial result. The official made the statements during Export Day 2026, organized by the Chamber of Exporters of the Argentine Republic (CERA), before sending the project to Congress.

“We will be presenting a fiscal financial surplus for the fourth consecutive year,” Caputo assured during his presentation. The minister stated that “it will be the first time in our history that, not being in default, Argentina has four consecutive years of surplus in the financial line” and emphasized: “This is a noteworthy fact.”

The fiscal balance as the focus of the 2027 Budget

Caputo insisted on the importance that the Government assigns to the result of public accounts. “To give you an idea of the relevance of this, it will be the first time in history that, not being in default, a Government in Argentina has four consecutive years of fiscal surplus in the financial line,” he stated.

During his presentation before exporters, the minister also defended the economic policies implemented by the national administration. “There is no doubt that we are on the right track,” he maintained, and affirmed that the program was implemented “respecting private property and the sanctity of contracts.”

Caputo also estimated an improvement in economic activity of 2.5% by the end of 2026. Regarding the outlook for the next year, he suggested that the economy would accumulate between December 2023 and 2027 “a growth of between 16 and 17 points,” according to the projections presented during the meeting.

The official bet on exports

Another focus of his intervention was on the export sector. “What did we do to generate an export boom? We eliminated and reduced various taxes, eliminated and reduced 17,000 regulations, significantly lowered financial costs, and are strongly improving infrastructure,” Caputo listed.

The head of the Treasury Palace stated that the results are not concentrated solely in mining and energy. “We are at record levels in export quantities,” he noted, highlighting advances in primary products, agro-industrial and industrial manufactures, fuels, and services.

Caputo also linked the growth of external sales with the future availability of foreign currency. “It not only guarantees current exchange rate stability but also in the future,” he stated regarding energy and mining exports, for which he projected revenues of USD 61 billion by 2031.

The numbers included in the official project

When speaking before the CERA, Caputo did not reveal the inflation or exchange rate guidelines that would be included in the Budget. Later, the project sent to Congress included a GDP growth projection of 4% for 2027, while the Government estimated an average inflation of 21.1%; the minister himself had previously indicated that the initiative would focus on “for the fourth consecutive year” the financial surplus.

Caputo closed his presentation with a call to the private sector to increase investments. “There is no longer a financial business; now there has to be a real business,” he stated, before adding: “On the private side, there needs to be investment.”