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Government Targets Zero Deficit In 2025, According To Draft Budget

ARGENTINA
  • The government will continue its zero deficit policy in 2025, according to a draft budget submitted today, with efforts to make public spending more efficient and to cut political costs helping to maintain a balanced budget.
  • The government expects GDP to fall by 3.5% this year, while inflation falls below 130% y/y by year-end, down from 139.7% forecasted previously.
    • "MILEI ADMINISTRATION PROJECTS GDP CONTRACTING 3.5% IN 2024"
    • "MILEI ADMINISTRATION SEES INFLATION BELOW 130% Y/Y BY END-2024"
    • "ARGENTINE GOVERNMENT SEES PESO AT 1,016/USD BY END-2024: BUDGET" - BBG

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