Bloomberg News

Argentina Overstates 2012 Primary Fiscal Surplus, Barclays Says

September 29, 2011

Sept. 29 (Bloomberg) -- Argentina’s 2012 budget proposal overstates the primary fiscal surplus by almost 3 percentage points of gross domestic product, Barclays said in a report today.

The primary fiscal surplus will reach about 2.1 percentage points of GDP in 2011, the report said. The proposal also underestimates the levels of spending and revenue, Barclays analyst Sebastian Vargas wrote in the report.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

To contact the editor responsible for this story: Glenn Kalinoski at gkalinoski1@bloomberg.net


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