Argentina posts July primary budget surplus of $91.3 mln

jueves 18 de septiembre de 2014 08:13 GYT

BUENOS AIRES, Sept 18 (Reuters) - Argentina had a primary budget surplus of 767.9 million pesos ($91.3 million) in July versus a surplus of 803.5 million pesos in the same month last year, the government said on Thursday.

In June, recession-hit Argentina reported a primary budget deficit of 286.8 million pesos.

The primary budget balance, which measures government spending relative to income and does not include interest payments on outstanding debt, is followed closely by the markets as an indicator of Argentina's ability to meet its financial obligations.

Official data showed a cumulative primary budget surplus of 2.97 billion pesos for the first seven months of 2014. ($1 = 8.415 pesos )

(Reporting by Richard Lough Editing by W Simon)