BUENOS AIRES, Dec 19 (Reuters) - Argentina will post a primary fiscal deficit, which excludes interest payments, of 1.35 percent of GDP in 2014, the country’s cabinet chief Jorge Capitanich said on Friday.
“The primary fiscal result projected for 2014 is -1.35 percent of gross domestic product,” Capitanich told reporters.
The result does not include debt interest payments. The primary budget is closely followed by financial markets as it represents a country’s capability of honouring its financial commitments. (Reporting by Walter Bianchi; Editing by Richard Lough and W Simon)