BUENOS AIRES May 28 Argentina's economy
ministry said on Wednesday the primary budget surplus jumped
more than sevenfold on the year to 3.569 billion pesos ($446
million) in March, as an increase in revenue boosted by high
inflation outpaced a rise in spending.
The primary budget balance, which reflects the government's
finances before paying debts, rose from a surplus of 438.3
million pesos in March last year.
Argentina has been virtually shut out of global credit
markets since a 2001/02 default and uses the central bank's
international reserves to repay creditors.
($1 = 8.0025 pesos on March 30)
(Reporting by Alejandro Lifschitz; Writing by Sarah Marsh;
Editing by James Dalgleish)