FX.co ★ Argentina Swings to Budget Surplus in July, Reversing June Deficit

Argentina’s public finances showed a sharp turnaround in July 2026, as the country’s budget balance moved from deficit to surplus within a single month, according to data updated on 18 August 2026.

After recording a budget deficit of -697M in June 2026, Argentina’s budget balance improved to a surplus of 2,960M in July 2026. The shift represents a positive month-on-month change of more than 3.6 billion in the fiscal position, signaling a significant short-term strengthening of government accounts.

While the underlying factors behind the reversal are not detailed in the latest figures, the move from negative to positive territory in such a brief period is likely to draw close attention from investors, creditors and policy analysts tracking Argentina’s fiscal trajectory in the second half of 2026.