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Total external debt increased by USD 37 470 million in one year



For its part, the balance balance of payments in the third quarter it closed A deficit of USD 7.591 millionbelow the loss of USD 8,266 million recorded in the same period of 2018, the official entity was indicated.

Finance Minister, Nicolás Dujovne, it was assured in mid-November that "Argentina, between this year and next, will make a budget adjustment of almost 3 points GDP" and "current account deficit will fall from 5 to 1.5 points GDP, external adjustment almost 3.5 point ".

Despite the crisis, which was reflected in the sharp increase in the exchange rate "and outside the resort to transitional taxes, it is very important that we do not resort to capital controls, stocks, seizures or financial repression", Dujovne said during the commemoration of the 50th anniversary of the establishment of the National Commission Securities.

Among the many accounts that meet in the balance of payments, there is a trading exchange, which in the period from July to September left a deficit of USD 792 million, which is less than half of US $ 1,691 million in the same period last year.

Indec analyzed the balance of large items. In the third quarter of 2018, there was a surplus in basic products (PP) in the amount of USD 2,335 million and in agricultural products (MOA) in the amount of USD 5.646 million.

On the other hand, there is a deficit in both industrial origin (MOI) and fuel and energy (CyE) in the US, respectively, USD 7.598 million and USD 1.186 million in the US.

In addition, in the third quarter, the service account had a red value of USD 2,122 million, or USD 544 million less than in the corresponding period of the previous year, mainly due to a reduction in the tourist account deficit year on year.

The main negative balances corresponded to travel, transport (mainly seafarers and passengers) and intellectual property charges (CUPI), amounting to USD 886 million, USD 861 million and USD 454 million respectively.

On the contrary, in other business services there was a positive balance of USD 193 million, mainly for career counseling and business administration services.

Subsequently, telecommunications, information and information services for the USA in the amount of USD 113 million were carried out, emphasizing computer services.


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