Argentina achieved a fiscal surplus of 0.1% of GDP in January, the first since August 2012, with a primary surplus of 0.3%, underscoring the government’s commitment to fiscal balance as a non-negotiable principle. The surplus resulted from a significant reduction in primary spending. Additionally, the Treasury raised 4,856 bln pesos through an Argentine peso debt auction, issuing two inflation-linked bonds maturing in 2026 and 2027.