Argentina Draws Plan to Slash Fiscal Deficit, Slow Inflation

Updated on
  • Last year's deficit was widest in 30 years, Prat-Gay says
  • Government will take gradual approach to reducing shortfall

Argentina intends to reduce its fiscal deficit to 1 percent of gross domestic product and bring down annual inflation to about 5 percent by the time newly-elected President Mauricio Macri finishes his term in 2019.

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