Economy Minister Luis Caputo announced on Friday that 2025 closed with a primary fiscal surplus of AR$11.7 trillion, equivalent to 1.4% of GDP, while the overall financial balance showed a surplus of AR$1.45 trillion, or 0.2% of GDP. The numbers show that the country surpassed that figure by over AR$1.3 trillion pesos. The indicative target in GDP terms had been set at 1.6%. In fact, the Herald’s sister publication Ámbito learned that Finance Ministry officials had been working with an internal target of 1.3% of GDP, equivalent to the nominal target of 10.4 trillion pesos relative to current GDP. Due to inflation of 31.5%, nominal GDP will be higher than projected in midyear.

Source: Bueno Aires Herald January 16, 2026 21:28 UTC