By Eliana Raszewski and Silvia Martinez for Bloomberg.comArgentina’s tax revenue will rise to a record in 2011 after collections in the first eight months reached 349 billion pesos ($83 billion), said Ricardo Echegaray, head of the national tax agency.
The government collected 47 billion pesos in August, up 35 percent from the same month a year earlier, Echegaray told reporters today in Buenos Aires. He declined to give a forecast of revenue for the whole of 2011. Last year, tax revenue totaled 410 billion pesos.
“The economy is solid,” Echegaray said. “The good economic data is that revenue keeps rising and at a double digit rate.”
President Cristina Fernandez de Kirchner, who leads opinion polls ahead of the Oct. 23 presidential election, boosted government spending to...Read Full Article
