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Nevertheless, #Argentina's projected primary deficit this year (4% of GDP) is below @mauriciomacri's target (4.2%), and Itaú says the recently approved pension reform, and continued subsidy cuts, will help @MinHaciendaAr's @NicoDujovne meet the 2018 target (3.2%).
For 2018, @jpmorgan also sees #Argentina meeting its fiscal target, thanks to @mauriciomacri's "reform blitz," including the pension reform that passed the Lower House Tuesday despite dramatic street protests. (The Senate had passed the bill earlier.)
Notably, @jpmorgan analysts say the pension victory makes it more likely @mauriciomacri will get his tax reform and budget passed this year. We'll see; the @CasaRosada spent a great deal of political capital on the pension fight.
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