The Central Bank's profits were fundamental for the Government to close the year with a financial surplus of 1.3% of GDP
BCRA contributed $12 trillion to the Treasury in 2023, key to surplus
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Summary
Last year, meanwhile, according to a report by the Congressional Budget Office (OPC), the BCRA contributed $12 trillion in profits to the Treasury, which were fundamental for the national administration to close the period with a financial surplus of 1.3% of GDP. At the time, Tactic had stated that its fees for representing SIDE in Washington would be US$10,000 per month. The Government, which has applied a severe spending adjustment since taking office in late 2023, has attributed the high inflation that the country has suffered for years to monetary issuance to finance the Treasury and the fiscal imbalance, which Milei reversed.
Furthermore, The president had promised during his 2023 electoral campaign that he would eliminate inflation, which that year, after a sharp devaluation of the peso applied by Milei after taking office, reached a peak of 211%.
Cross-referenced from 2 sources.
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Last year, meanwhile, according to a report by the Congressional Budget Office (OPC), the BCRA contributed $12 trillion in profits to the Treasury, which were fundamental for the national administration to close the period with a financial surplus of 1.3% of GDP.
according to La Nación (AR) — Últimas noticiasAt the time, Tactic had stated that its fees for representing SIDE in Washington would be US$10,000 per month.
according to La Nación (AR) — Últimas noticiasThe Government, which has applied a severe spending adjustment since taking office in late 2023, has attributed the high inflation that the country has suffered for years to monetary issuance to finance the Treasury and the fiscal imbalance, which Milei reversed.
according to La República (CO)The president had promised during his 2023 electoral campaign that he would eliminate inflation, which that year, after a sharp devaluation of the peso applied by Milei after taking office, reached a peak of 211%.
according to La República (CO)
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