RIO DE JANEIRO, BRAZIL - Out of the past 61 years, 54 closed with a fiscal deficit. In other words, in 9 out of every 10 years, revenues have been insufficient to finance public spending, according to conclusions reached by the Argentine Institute of Fiscal Analysis (IARAF) in its latest report.
One of the study's most striking data shows that the fiscal deficit of the Argentine National Public Sector between 2008 and July 2021 reached US$250 billion, there was a fiscal deficit in 87% of months, i.e. the State spends more than it collects. In fact, it is . . .