CORRECTED - Argentina Nov tax take up 20.5 pct, beats estimates

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Wed Dec 2, 2009 6:53pm EST

(Corrects dateline to Dec. 2, not Dec. 3 and corrects first sentence to read "on Wednesday" instead of "on Thursday")

BUENOS AIRES Dec 2 (Reuters) - Argentina's November tax take rose a higher-than-expected 20.5 percent from a year earlier, President Cristina Fernandez said on Wednesday.

That percentage increase brings last month's revenue to roughly 26.08 billion pesos ($6.8 billion), according to Reuters estimates.

The median forecast in a Reuters poll was for a tax take increase of 19 percent, or 25.8 billion pesos.

The government is expected to release a detailed revenue report on Thursday.

Fernandez said the improvement in tax revenue is a result of recent government measures to jumpstart the economy after a slowdown earlier in the year.

"The economic measures are beginning to work and some sectors, such as the auto industry, are already showing clear signs of a rebound," Fernandez said at a speech.

State tax receipts totaled 26.42 billion pesos in October. The tax take hit a record of 27.29 billion pesos in May.

Argentina's tax revenue is tracked by economists as a gauge of the country's ability to repay debt.

(Reporting by Vivianne Rodrigues; Editing by Andrew Hay) ((buenosaires.newsroom@thomsonreuters.com; +54 11 4318-0663; Reuters Messaging: vivianne.rodrigues.reuters.com@reuters.net))

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