Tres desafíos para las finanzas provinciales
Three challenges for provincial finances
Although it was a difficult year, most of the provinces were able to improve their fiscal results in 2018. Moreover, almost all of them showed a primary surplus and many of them a fiscal surplus. At a consolidated level, the provinces closed 2018 with a primary surplus, which has not occurred since 2014. We must wait for the final figures to know whether there was at a consolidated level a small fiscal deficit or not.