LatinNews Regional Monitor: Brazil & Southern Cone - 31 May 2017

Argentina: The federal finance minister, Luis Caputo, has announced that the national government and the provincial government of Santa Cruz province have reached a new agreement by which the national government will provide the financially troubled province with a Ar$750m (US$46.7m) credit line to help it close its fiscal deficit. Caputo said that as part of the deal the Santa Cruz provincial government has agreed to adopt a fiscal consolidation plan that would lead to the elimination of the fiscal deficit by 2020. 

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