According to official data from the Ministry of Economy, the 32 national public companies closed the first half of the year with a financial surplus of $109,236 million, reversing the $70,581 million deficit recorded in the same period last year.
This result, made possible by the management of President Javier Milei and the Minister of Economy, Luis "Toto" Caputo, marks a historic change in state administration after decades of structural deficit. In addition, the Government managed to reduce the workforce by 10%, going from 83,691 to 75,254 employees, an unprecedented cut in the public sector.
According to the report prepared by the Treasury Secretariat, state-owned companies reduced their capital expenditures by 18% in nominal terms, while the most deficit-ridden companies, such as Enarsa and Trenes Argentinos, were offset by others that already operate with positive numbers.
Among the surplus-generating firms, AySA, Nucleoeléctrica Argentina, the General Ports Administration, Correo Argentino, and Aerolíneas Argentinas stand out, with the latter managing to close its balance sheet in the black for the first time in years.
Privatizable companies with positive balances
The official study also analyzes the eight companies that the Government included among the candidates for privatization, originally contemplated in the Ley Bases. Of these, four already show a surplus:
