The Argentinean government confirmed that it would strengthen its fiscal effort in 2018 with a primary deficit target of 3.2% of the country’s GDP for the next year. In 2017, the primary deficit target was at 4.2%.
According to Argentina’s Finance Minister, Nicol?s Dujovne, the primary deficit target should lower in the next few years and reach 1.2% in 2020.
Argentina’s chief of staff, Marcos Pe?a, said that the government fulfilled its economic goals in 2017 and that the country resumed growth even amid lack of confidence in a recovery in some sectors.
The Argentinean government estimates that the country’s economy should grow 3.5% annually in 2018, 2019 and 2020.
The material has been provided by InstaForex Company – www.instaforex.com
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