In a short week marked by holidays and festivities, Argentina's economic scene featured several significant events. The poverty rate for 2025 decreased compared to the first half of the year and reached the lowest figure since 2018, closing at 27.3%. The final poverty rate for 2025 was 6.3% (0.6 percentage points less), affecting nearly 2 million people. However, this data shows that 13 million people still live in poverty. The Federal Revenue and Customs Agency (ARCA) reported that tax revenue for March was 16 trillion pesos. Year-on-year, this increased by 26.2%, but it fell in real terms and remained below the projected inflation for that period. The effect of lower taxes and export duties led to reduced revenue for the state. The industrial sector was one of the most affected, with January data showing a year-on-year decline of 3.2%, marking the seventh consecutive month of contraction. Meanwhile, the poverty rate in Argentina dropped to 28.2%, indicating some positive economic trends despite ongoing challenges.
Argentina's Economy: Poverty Decline and Tax Revenue Drop
Argentina's poverty rate hits a seven-year low, while tax revenues fall for the eighth consecutive month. The government faces economic challenges in trying to stimulate growth.