Argentina’s Ministry of Finance reported that the Central Bank of the Argentine Republic (BCRA) recorded a profit of ARS 19.4 trillion in fiscal year 2024, reversing the ARS 9.4 trillion loss posted in fiscal year 2023. It allocated ARS 11.7 trillion to the National Government and earmarked the remaining ARS 7.7 trillion to rebuild capital and reserves to levels that existed before the 2023 loss. The funds made available to the Government will be deposited in the Treasury’s account at the BCRA with a neutral monetary effect and may be used exclusively for the potential repayment of Treasury debt. The Ministry also highlighted that debt to the private sector and international organisations as a share of GDP fell from 56.5% in November 2023 to 40.8% in February 2025, attributing the decline to fiscal surplus, higher economic activity, debt repayments and a stronger currency.
Ministry of Finance (Argentina) 2025-04-24
Argentina’s Ministry of Finance reports Central Bank profit of ARS 19.4 trillion and ARS 11.7 trillion made available for Treasury debt repayment
Argentina's Ministry of Finance announced that the Central Bank of the Argentine Republic (BCRA) achieved a profit of ARS 19.4 trillion in fiscal year 2024, reversing a previous loss. ARS 11.7 trillion was allocated to the National Government for potential Treasury debt repayment, while ARS 7.7 trillion was designated for rebuilding capital and reserves. Debt to the private sector and international organisations decreased from 56.5% of GDP in November 2023 to 40.8% in February 2025, due to fiscal surplus, increased economic activity, debt repayments, and a stronger currency.