Argentina tax revenue jumps 25.5pc in August vs year ago

03 Sep, 2013

BUENOS AIRES: Argentina's tax revenue in August totaled 75.87 billion pesos ($13.37 billion), rising 25.5 percent from the same month a year ago, the government said on Monday.

The figure came in below the median forecast of 79.10 billion pesos given by in a Reuters poll of seven local analysts.

Private economists put Argentina's inflation at between 20 percent and 25 percent a year, which would mean the increase in tax revenue is largely explainable by price increases.

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