Argentine Finance Minister Alfonso Prat-Gay said the South American country would hold tough debt negotiations with U.S. investment firms suing over unpaid debt, as preliminary talks got underway in New York on Wednesday (January 13). He did say it was imperative to resolve the country’s legal dispute because financing of the country’s fiscal deficit this year may depend on progress on the issue. Solving the more than decade-long debt battle would enable Argentina to return […]
Tag: Fiscal deficit
Fiscal deficit for Oct 2014 contracts to P2.5 billion
MANILA, Dec 2 — The National Government (NG) registered a P2.5 billion fiscal deficit in October, 77% lower than the amount posted in the same period last year as expenditures continued to grow at a slower pace than revenues. In a statement, the National Economic and Development Authority yesterday said total revenues for the month amounted to P152.3 billion, or a growth of 13% compared to the same month last year. This brings year-to-date collections […]





