Argentina Says Tax Receipts up 46.6% Year-on-Year in January

Collection of export duties rose 231.2% in January, the ministry explained in a statement, as a slew of port strikes slowed agricultural exports in December. This contributed to a rush of pent-up shipments in January, it said.

RIO DE JANEIRO, BRAZIL -  Argentine tax receipts rose 46.6% year-on-year in January to 772.8 billion pesos (US$8.85 billion), the economy ministry said on Monday, January 1st.

Collection of export duties rose 231.2% in January, the ministry explained in a statement, as a slew of port strikes slowed agricultural exports in December. This contributed to a rush of pent-up shipments in January, it said.

Higher international commodity prices also contributed to the boost in January tax receipts, the ministry said. Argentina is a major grains exporter.

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