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4 years ago
Argentina April primary budget surplus rises to 1.45 bln pesos
June 27, 2013 / 11:02 PM / 4 years ago

Argentina April primary budget surplus rises to 1.45 bln pesos

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BUENOS AIRES, June 27 (Reuters) - Argentina posted a primary budget surplus of 1.45 billion pesos ($270 million) in April , expanding about 37 percent from the 1.06 billion peso surplus from a year earlier, the government said on Thursday.

The primary budget balance shows government finances before debts are paid. Argentina has been virtually shut out of global credit markets since a 2002 default, and it uses the central bank's international reserves to repay private creditors.

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