Argentina Oct primary budget surplus at 446 mln pesos

lunes 21 de noviembre de 2011 21:21 ART
 

BUENOS AIRES Nov 21 (Reuters) - Argentina posted a primary budget surplus ARPBS=ECI of 446 million pesos ($104.7 million) in October, narrowing sharply from a surplus of 3.1 billion pesos a year earlier, the government said on Monday.

The primary budget balance shows government savings before debts are paid. It is an important indicator of fiscal health in Argentina, which has been virtually shut out of global credit markets since a 2002 default. ($1 = 4.26 Argentine pesos ARS=RASL) (Reporting by Helen Popper and Maximilian Heath) (helen.popper@thomsonreuters.com; +54 11 4318 0655; Reuters Messaging: helen.popper.reuters.com@reuters.net))