Argentina's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1993-2029)

Argentina's fiscal performance reflects the volatility of its economic policies and external shocks. After fiscal surpluses in the mid-2000s, supported by strong commodity exports, the balance shifted to persistent deficits starting in 2009. Economic mismanagement, coupled with inflationary pressures, led to deep deficits of -6.7% during 2016-2017.

The pandemic worsened fiscal conditions, with the deficit reaching -8.7% in 2020. However, reforms and economic stabilization efforts are expected to bring gradual improvement, with a return to surpluses projected by 2027 (1.2%). This optimistic outlook hinges on consistent policy implementation and economic recovery.