Argentina recorded a government budget deficit of 120147.40 ARS Million in December of 2019. Government Budget Value in Argentina averaged -3659.27 ARS Million from 1993 until 2019, reaching an all time high of 25973.80 ARS Million in May of 2019 and a record low of -135316.20 ARS Million in December of 2018. source: Ministerio de Hacienda, Argentina

Government Budget Value in Argentina is expected to be -10000.00 ARS Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Argentina to stand at -120000.00 in 12 months time. In the long-term, the Argentina Government Budget Value is projected to trend around -125000.00 ARS Million in 2020, according to our econometric models.

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Argentina Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-120147.40 -6397.00 25973.80 -135316.20 1993 - 2019 ARS Million Monthly
Current Prices, NSA

Argentina Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.

Argentina Government Last Previous Highest Lowest Unit
Government Debt to GDP 86.20 56.60 166.70 34.50 percent [+]
Government Budget -5.50 -6.10 3.70 -6.40 percent of GDP [+]
Government Budget Value -120147.40 -6397.00 25973.80 -135316.20 ARS Million [+]
Government Spending 94453.00 94405.00 105558.00 49687.00 ARS Million [+]
Government Revenues 627465.40 470442.40 627465.40 3240.10 ARS Million [+]
Fiscal Expenditure 852868.20 476839.40 852868.20 3240.10 ARS Million [+]
Credit Rating 12.00 [+]
Tax Revenue 492366.63 474870.11 492366.63 2818.66 ARS Million [+]
Military Expenditure 5337.00 5460.00 13711.00 1886.00 USD Million [+]