Argentina posts May primary budget surplus of $381.2 mln
BUENOS AIRES, July 16
BUENOS AIRES, July 16 (Reuters) - Argentina posted a primary budget surplus of 3.08 billion pesos ($381.2 million) for May, the Economy Ministry said on Wednesday, representing an increase of 84 percent over the same month a year earlier.
Argentina, which has just two weeks to cut a debt deal with "holdout" bondholders or risk another debt default, recorded a primary surplus of 671.7 million pesos in April.
The primary budget balance reflects the government's finances before paying debt. ($1 = 8.08 Argentine Pesos as of May 30) (Reporting by Richard Lough Editing by W Simon)