Argentina’s Finance Minister, Nicol?s Dujovne, said that the country must lower its budget deficit to avoid a severe economic crisis.
The Argentinean government seeks a primary deficit of 4,2% of the Gross Domestic Product for this year and wants to lower that rate to 3,7% in 2018 and 2,2% in 2019.
Dujovne said that “the set of laws sent to Congress this year point to three objectives: lowering the deficit, reducing the social and infrastructure gaps and converging to a fairer and more equitable tax system.”
He added that cutting the budget deficit is an irrevocable government target.
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