Argentina says October primary budget 660 mln pesos

BUENOS AIRES Tue Dec 4, 2012 6:05pm EST

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BUENOS AIRES Dec 4 (Reuters) - Argentina posted a primary budget surplus of 660 million pesos ($136 million) in October , widening 48 percent from a surplus of 446 million pesos a year earlier, the government said on Tuesday.

The primary budget balance shows government savings before debts are paid. It is an important indicator of fiscal health in Argentina, which has been virtually shut out of global credit markets since a 2002 default.