Argentina provincial national resources grow 4.4%

According to a report by the Center for Political Economy of Argentina (CEPA), national resources for provinces grew by 4.4% in real terms in September compared to the previous year. Federal coparticipation saw a real year-on-year increase of 4.6%.

This growth occurred despite an 11-month consecutive decline in VAT, which fell 5.8% in real terms, contrasted by a 22.4% increase in income tax collection.

Growth was relatively uniform across jurisdictions. Santa Cruz led the increase at 8.6%, followed by Chubut at 8.1% and Tierra del Fuego at 7.9%. The lowest increases were recorded in Chaco (1.4%), Entre Ríos, Corrientes, Misiones (1.5%), and Formosa (1.8%).