The Growing Tumor Inside The Argentine Economy

31.10.2016 • Emerging Markets

By Ivan Carrino – The Monday Newspaper (Argentina) –

Today many things have changed in the economy and politics of Argentina.

No more FX market regulations, we are not in default, the government is transparent, we have cut burdensome subsidies, and the central bank maintains that its main objective is to reduce the inflation.

However, one thing remains the same (or even worse).

The fiscal deficit.

According to the latest data released by the Ministry of Finance and Public Finance,  the deficit has accumulated$ 223,000 million in the last 9 months. This represents a year-over-year increase of 59.8%.

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