INSUBCONTINENT EXCLUSIVE:
Argentina has achieved 17 straight months of fiscal surplus as of June 2025, according to the latest report from the Ministry of Economy
This run is a sharp departure for a country that has struggled with deficits for decades.In June alone, the government spent less than it
collected, posting a primary surplus of 790 billion pesos (about $625 million) and a financial surplus of 551 billion pesos (about $436
Argentina made this possible through stronger tax collections and tight spending.Total government revenue in June hit 11 trillion pesos
(about $8.7 billion), up 42% from last year
Export taxes, led by a rush to export key crops before the end of a temporary cut, jumped nearly 170% to 1.1 trillion pesos (about $869
million).Social security taxes brought in 3.6 trillion pesos (about $2.8 billion), and taxes on sales (VAT) reached 2.3 trillion pesos
Surplus: Tight Policies Deliver Rare Stability
(Photo Internet reproduction)The state kept expenses under control by limiting subsidies and slowing new projects, even as it covered higher
labor and pension costs.Not everyone has benefited equally
Provincial budgets feel pressure because most new revenue comes from social security taxes, which the national government does not
share.Still, for the first time in years, Argentina depends less on borrowed money or foreign support, signaling to business and investors a
change toward self-reliance and financial discipline.The streak of surpluses gives Argentina a rare moment of stability
It helps fight inflation, satisfies lenders, and makes future crises less likely.But the sustainability of this new approach will depend on
whether revenues remain strong as tax breaks and one-off measures expire
All figures are based on official government data at an exchange rate of 1 peso = $0.00079 as of July 2025.Key Data and Dollar Equivalents
at July 2025 Exchange Rate (1 ARS = $0.00079)ItemPesos (ARS)US Dollars (USD)Primary Surplus (June)790,000,000,000$625,100,000Financial
Surplus (June)551,000,000,000$435,290,000Total Revenue (June)11,000,000,000,000$8,690,000,000Export Taxes
(June)1,100,000,000,000$869,000,000Social Security Taxes (June)3,600,000,000,000$2,844,000,000VAT Revenue
(June)2,300,000,000,000$1,817,000,000Government Spending (June)10,700,000,000,000$8,453,000,000
