#Argentina's fiscal deficit increased in November compared to a year ago, due in part to an expected deceleration in revenue from the tax amnesty, Itaú reports. But spending was also a factor, with increased outlays on pensions and wages.
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.