Buenos Aires, March 16 (NA) – Luis 'Toto' Caputo announced that the national public sector recorded a fiscal and financial surplus in February. According to the Argentine News Agency, he provided the explanation through his official X account, where he also stated that 'total primary spending was reduced by 8.8%'. What was the complete explanation given by Minister Caputo on X? Caputo's message on X. Photo: Agency NA (@LuisCaputoAR). In February, the National Public Sector recorded a primary surplus of 1,410,640 million pesos and a financial surplus of 144,421 million pesos, with net interest payments of 1,266,218 million pesos. In the first two months of the year, the National Public Sector accumulated a primary surplus of approximately 0.4% of GDP and a financial surplus of 0.1% of GDP. Total primary spending decreased by 8.8% year-on-year in real terms, while resources allocated to contributory pensions and the Universal Child Allowance increased by 1.8% and 11.3%, respectively. Likewise, the laws on 'Presumption of Fiscal Innocence' and 'Labor Reform' will contribute to the formalization of the economy, which, along with economic growth and strict control of public spending, will allow for continued tax reductions. It is worth remembering that the accumulated tax reduction between 2024 and 2025 amounted to 2.5% of GDP.
