By Taos Turner for dowjones.com and wsj.comArgentina posted a primary fiscal surplus of 25 billion pesos ($6.3 million) for 2010, about 45% more than in 2009.
Economy Minister Amado Boudou released the figure in a presentation late Tuesday.
Argentina posted a financial surplus for the year of ARS3.03 billion, compared with a financial deficit of ARS7.1 billion the previous year.
Revenue was up 34.7% in 2010 amid a boom in consumer spending and high inflation. That, among other things, inflated revenue from the country's 21% value-added tax. Revenue from income taxes and agricultural exports, whose prices were higher last year, also pushed the tax numbers up.
In 2009, the government posted a primary surplus of ARS17.27 billion.
As for December, the government reported a primary deficit of ARS2.2 billion.
Boudou said such deficits are common in the month of December.
Source: http://online.wsj.com/article/BT-CO-20110125-717919.html
