Overview
- The Economy Ministry reported a primary surplus of 3.125 trillion pesos and a financial surplus of 1.105 trillion pesos for January 2026.
- Extraordinary receipts of 1.039 trillion pesos from the Comahue hydroelectric licitation drove the result; excluding them, the primary surplus was 2.086 trillion pesos and the financial surplus 65.256 billion.
- Net interest payments reached 2.021 trillion pesos in January, one of the year’s heaviest coupon months alongside July.
- Total revenues fell 1.2% year over year in real terms as tax intake dropped about 8% and non-tax income jumped 108% on the privatization proceeds, according to IARAF.
- The IMF’s technical mission reviewed targets including a 2026 primary surplus goal of 2.2% of GDP, which economists warn looks demanding given weaker revenue.