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Argentina July primary budget surplus rises to 803.5 million pesos
September 27, 2013 / 11:33 PM / 4 years ago

Argentina July primary budget surplus rises to 803.5 million pesos

BUENOS AIRES, Sept 27 (Reuters) - Argentina posted a primary budget surplus of 803.5 million pesos ($138.6 million) in July, 52 percent more than the surplus of 528.7 million pesos registered in the same month a year ago, the government said on Friday.

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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