Milei's government recorded a primary and financial surplus again in February

The Government of Javier Milei achieved a new fiscal surplus of $310.726 billion in February, consolidating a positive balance of 0.1% of the Gross Domestic Product (GDP) in the first two months of the year, according to the Ministry of Economy.

This result breaks down into a primary surplus of $1.176.915 billion, which was offset by debt interest payments of $866.189 billion.

The Ministry of Economy highlighted that this financial result strengthens the fiscal anchor of the economic program promoted by the administration of Javier Milei. "The care of public accounts allows for quick assistance to the affected families of Bahía Blanca without resorting to debt or monetary issuance," stated the official communiqué.

Meanwhile, the Minister of Economy, Luis "Toto" Caputo, emphasized that this surplus is further evidence of Milei's Government's commitment to balancing public accounts.

"The surplus of the first two months was achieved after the expiration of the PAIS Tax in December, a levy that in the same period of 2024 had contributed resources amounting to 0.2 percent of GDP," explained Caputo.

The official stressed that fiscal balance is "a necessary condition for a robust economy that generates quality employment and allows for the sustained recovery of wages and incomes."

This idea aligns with President Milei's vision, who emphasizes the importance of fiscal discipline as a key element to ensure a stable and growing economy.

Details of the surplus

In terms of revenue, the public sector collected $9.732.768 billion in February thanks to the strong economic recovery, representing a year-on-year increase of 75.8 percent. Among the main drivers of growth in tax resources, which grew by 81.6 percent year-on-year, the following stand out:

• Profits: +121.8% year-on-year.
• Social Security Contributions: +120%.
• Import Duties: +103.9%.
• Export Duties: +99.2%.
• Debits and Credits: +74.4%.
• Net VAT refunds: +71.1%.

This result consolidates Milei's Government's commitment to fiscal order, the essential anchor of a solid economy for generating employment and the recovery of wages and incomes in a sustained manner over time.

This way, the libertarian administration advances in its goal of continuing to reduce public spending, generate greater income thanks to economic recovery, and thus be able to continue lowering taxes.