April 13, 2018 / 1:31 PM / in 3 months

Argentina posts primary deficit of 0.3 pct of GDP in Q1 2018

BUENOS AIRES, April 13 (Reuters) - Argentina posted a primary fiscal deficit worth 14.7 billion pesos ($729.5 million) in March, ending the first quarter with a primary deficit worth 0.3 percent of gross domestic product (GDP), Treasury Minister Nicolas Dujovne said on Friday.

That was below the government’s target for a deficit of 0.6 percent of GDP for the first quarter, Dujovne said at a press conference. The government is aiming for a primary fiscal deficit, which does not include interest payments on debt, worth 3.2 percent of GDP in 2018.

$1 = 20.15 pesos at end of March Reporting by Buenos Aires newsroom Writing by Luc Cohen Editing by Chizu Nomiyama

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