Argentina recorded a Government Budget deficit equal to 0.27 percent of the country's Gross Domestic Product in 2024. This dataset provides - Argentina Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Argentina Consolidated Fiscal Balance: % of GDP

• Argentina Consolidated Fiscal Balance registered a surplus equal to 0.3 % of its Nominal GDP in Jun 2025, compared with a surplus equal to 0.3 % in the previous quarter
• Argentina Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2004 to Jun 2025, with an average ratio of -3.1 %
• The data reached an all-time high of 2.4 % in Dec 2004 and a record low of -8.4 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of the Treasury provides Consolidated Fiscal Balance in local currency. The National Institute of Statistics and Censuses provides annualized Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP covers Non-Financial Public Sector only. Consolidated Fiscal Balance prior 2015 includes property income or rent held by Fondo de Garantía de Sustentabilidad (FGS) and others and Central Bank of Argentina.


Further information about Argentina Consolidated Fiscal Balance: % of GDP

• In the latest reports, Argentina National Government Debt reached 465.4 USD bn in Jun 2025
• Argentina Nominal GDP reached 182.5 USD bn in Jun 2025

The budget balance in relation to the gross domestic product (GDP) in Argentina stood at 0.46 percent in 2024. From 1993 to 2024, the budget balance rose by 0.48 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the budget balance will rise by 0.33 percentage points, showing an overall upward trend with periodic ups and downs.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

The budget balance in Argentina stood at 2.45 billion U.S. dollars in 2024. From 1993 to 2024, the budget balance rose by 2.45 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the budget balance will rise by 9.12 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.

Key information about Argentina Consolidated Fiscal Balance

• Argentina Consolidated Fiscal Balance registered a surplus equal to 359.919 USD mn in Oct 2025, compared with a surplus equal to 221.462 USD mn in the previous month.
• Argentina Consolidated Fiscal Balance data is updated monthly, available from Jan 1993 to Oct 2025, with an average ratio of 179.357 USD mn.
• The data reached an all-time high of 2.358 USD bn in Sep 2021 and a record low of -8.438 USD bn in Dec 2017.

CEIC converts monthly Consolidated Fiscal Balance into USD. The Ministry of Treasury provides Consolidated Fiscal Balance in local currency. The Central Bank of Argentina average market exchange rate is used for currency conversions. Consolidated Fiscal Balance covers Non-Financial Public Sector only. Consolidated Fiscal Balance prior to January 2015 includes property income or rent held by Fondo de Garantía de Sustentabilidad (FGS) and others and Central Bank of Argentina.

Argentina recorded a government budget surplus of 696965 ARS Million in September of 2025. This dataset provides - Argentina Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Cash surplus/deficit (% of GDP) for Argentina (CASHBLARA188A) from 2002 to 2004 about cash, Argentina, budget, and GDP.

Government Spending in Argentina increased to 98311 ARS Million in the second quarter of 2025 from 91913 ARS Million in the first quarter of 2025. This dataset provides - Argentina Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Argentina AR: Net Incurrence of Liabilities: Total: % of GDP data was reported at 5.482 % in 2022. This records an increase from the previous number of 2.985 % for 2021. Argentina AR: Net Incurrence of Liabilities: Total: % of GDP data is updated yearly, averaging 4.390 % from Dec 2002 (Median) to 2022, with 12 observations. The data reached an all-time high of 10.895 % in 2018 and a record low of 0.137 % in 2019. Argentina AR: Net Incurrence of Liabilities: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Weighted average;

Argentina AR: Net Incurrence of Liabilities: Total data was reported at 4,531,310.586 ARS mn in 2022. This records an increase from the previous number of 1,379,448.954 ARS mn for 2021. Argentina AR: Net Incurrence of Liabilities: Total data is updated yearly, averaging 368,323.450 ARS mn from Dec 2002 (Median) to 2022, with 12 observations. The data reached an all-time high of 4,531,310.586 ARS mn in 2022 and a record low of 8,777.153 ARS mn in 2004. Argentina AR: Net Incurrence of Liabilities: Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;

Argentina recorded a Current Account deficit of 3016 USD Million in the second quarter of 2025. This dataset provides the latest reported value for - Argentina Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2020, the debt that Argentina's central government owed to foreign creditors was *** percent points lower than the amount of debt held with creditors based in the country. Argentina's internal debt in relation to the country's gross domestic product (GDP) almost doubled between 2012 and 2020, growing from **** to **** percent, while foreign debt increased by more than **** times during the same period.

Key information about Argentina National Government Debt

• Argentina National Government Debt reached 465.4 USD bn in Jun 2025, compared with 473.6 USD bn in the previous quarter.
• Argentina National Government Debt data is updated quarterly, available from Dec 1994 to Jun 2025.
• The data reached an all-time high of 473.6 USD bn in Mar 2025 and a record low of 74.6 USD bn in Dec 1994.

The Ministry of Treasury provides quarterly Government Debt in USD. Government Debt excludes debt swaps. [COVID-19-IMPACT]


Related information about Argentina National Government Debt

• In the latest reports, Argentina Consolidated Fiscal Balance registered a surplus equal to 0.3 % of its Nominal GDP in Jun 2025.
• The country's Government debt accounted for 73.3 % of its Nominal GDP in Jun 2025.
• Argentina Nominal GDP reached 182.5 USD bn in Jun 2025.

Key information about Argentina External Debt: % of GDP

• Argentina External Debt accounted for 43.5 % of the country's Nominal GDP in 2024, compared with the ratio of 44.5 % in the previous year.
• Argentina External Debt: % of Nominal GDP data is updated yearly, available from Dec 1994 to Dec 2024.
• The data reached an all-time high of 152.3 % in Dec 2002 and a record low of 25.5 % in Dec 2013.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and quarterly Nominal GDP. The National Institute of Statistics and Censuses provides External Debt in USD based on BPM6 and annualized Nominal GDP in local currency. The Central Bank of Argentina average market exchange rate is used for currency conversions. External Debt prior to 2006 is based on BPM5.


Related information about Argentina External Debt: % of GDP

• In the latest reports of Argentina, Current Account recorded a deficit of 3.0 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 2.9 USD bn in Jun 2025.
• Argentina Direct Investment Abroad expanded by 637.6 USD mn in Jun 2025.
• Its Foreign Portfolio Investment increased by 1.1 USD bn in Jun 2025.
• The country's External Debt reached 305,042.7 in Jun 2025.
• The country's Nominal GDP was reported at 182.5 USD bn in Jun 2025.

ABSTRACT This paper uses the Fischer equation and Olivera-Tanzi effect to insulate the inflationary endogeneity existing in Argentine public deficit. The outcome is a fiscal policy discretionary measure known as zero inflation budget. Through this measure we examine if the deficit reflects countercyclical policies or populist consumption targets.

Key information about Argentina External Debt: Short Term

• Argentina External Debt: Short Term value stood at 85.2 USD bn in Jun 2025, compared with 82.7 USD bn in the previous quarter.
• Argentina External Debt: Short Term data is updated quarterly, available from Sep 2003 to Jun 2025.
• The data reached an all-time high of 104.6 USD bn in Mar 2024 and a record low of 5.8 USD bn in Sep 2003.

CEIC calculates Short Term External Debt as the sum of quarterly Short Term External Debt breakdowns for Domestic Currency and Foreign Currency. The National Institute of Statistics and Censuses provides Short Term External Debt in USD based on BPM6. Short Term External Debt prior to Q2 2016 is based on BPM5.


Related information about Argentina External Debt: Short Term

• In the latest reports of Argentina, Current Account recorded a deficit of 3.0 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 2.9 USD bn in Jun 2025.
• Argentina Direct Investment Abroad expanded by 637.6 USD mn in Jun 2025.
• Its Foreign Portfolio Investment increased by 1.1 USD bn in Jun 2025.
• The country's Nominal GDP was reported at 182.5 USD bn in Jun 2025.

Key information about Argentina Current Account Balance

• Argentina Current Account recorded a deficit of 3.0 USD bn in Jun 2025, compared with a deficit of 5.6 USD bn in the previous quarter.
• Argentina Current Account Balance: USD mn data is updated quarterly, available from Mar 1976 to Jun 2025, with an averaged value of -2.3 USD bn.
• The data reached an all-time high of 4.3 USD bn in Jun 2009 and a record low of -9.4 USD bn in Mar 2018.
• CEIC extends history for quarterly Current Account Balance. The National Institute of Statistics and Censuses provides Current Account Balance in USD based on BPM6. Current Account Balance prior to Q1 2006 is based on BPM5 and prior to Q1 1994 is sourced from the International Monetary Fund.
• Foreign Direct Investment (FDI) increased by 2.9 USD bn in Jun 2025.
• Argentina Direct Investment Abroad expanded by 637.6 USD mn in Jun 2025.
• Its Foreign Portfolio Investment increased by 1.1 USD bn in Jun 2025.
• The country's Nominal GDP was reported at 182.5 USD bn in Jun 2025.

Argentina recorded a trade surplus of 800 USD Million in October of 2025. This dataset provides the latest reported value for - Argentina Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

PROJECT DESCRIPTION: Replication package for “Budget deficits and money creation: Exploring their relation before Bretton Woods”, to be published in Explorations in Economic History (accepted December 2018). Panel of seventeen countries from 1870 to 1938. Ten countries are sometimes-floaters before the WWI: Argentina, Bulgaria, Brazil, Chile, Greece, Italy, Japan, Portugal, Romania and Spain. Seven countries are never-floaters before the WWI: Canada, Finland, the Netherlands, Norway, Sweden, the UK and the USA. Equation8.dta (Stata format): Data of public budget, monetary base and nominal GDP. Replication program Equation 8 offers a dynamic heterogeneous estimation of variations in the monetary base on the budget balance. Equation9.dta (Stata format): Data of variations in the monetary base, real GDP per capita( in 1990 Geary-Khamis dollars), average of public spending level , standard deviation of public spending levels, ratio of debt to nominal GDP and number of cabinet changes per year. Replication program Equation 9 offers a dynamic panel estimation of variations in the monetary base on the rest of variables. Abstract of the paper: The sovereign debt crisis in the Eurozone has rekindled the use of the North-South (core-periphery) terminology to refer to the heterogeneity of countries belonging to the Economic and Monetary Union (EMU). In the gold standard literature, this geographical partition had already been employed to oppose the fiscal profligacy and subsequent problems of convertibility of southern countries against the fiscal probity and long convertibility records of their northern counterparts. We provide statistical evidence that the group of countries that, with available data for 1870-1938, exhibited convertibility problems during the classical gold standard, for this reason called the pre-WWI sometimes-floaters, shared a pattern of fiscal dominance. This finding for the sometimes-floaters (southern European and South American countries plus Japan) differs from the non-fiscal dominance pattern that we obtain for the pre-WWI never-floaters (northern Europe and North America countries) when the Great War and its aftermath years are omitted. We also show that the presence of fiscal dominance was partly due to the lower levels of tax efficiency and political stability in the South.

Between 2008 and 2021, Argentina's purchasing power parity increased significantly. In 2008, the PPP was approximately **** NCU per U.S. dollars, whereas it reached ***** NCU in 2021. In recent years, Argentina has been facing soaring inflation rates and a massive fiscal deficit, leaving the country in a deep economic crisis. Purchasing power parity indicates the number of units in the national currency (NCU) needed to buy the same amount of goods and services in a given country compared to those needed in the United States. This conversion aims to equalize the purchasing power among countries, by eliminating the differences in prices.