IMF keeps Argentina's 2026 fiscal target at 1.4% of GDP

The International Monetary Fund (IMF) kept Argentina's fiscal target at 1.4% of GDP for 2026, despite the drop in public revenue, according to the newspaper Ámbito. The target is part of the financial program the international body maintains with the South American country.

Meeting these targets acts as a fiscal anchor for the national economy, a mechanism through which the state limits its spending to control key macroeconomic variables, although this tends to weigh on domestic activity and the provision of public services when resources are scarcer.

Alongside these budget discussions, DW reported that the fund's board approved a disbursement of $900 million for Argentina. With this transfer, the total amount the country has access to under the fund's financing program rises to $16.7 billion, within a package agreed for a total of $20 billion.

These financial movements take place against a backdrop in which sovereign risk indicators have fluctuated over the course of the year. According to the Emerging Markets Bond Index (EMBI) compiled by J.P. Morgan, which measures the yield spread that sovereign bonds pay over U.S. Treasuries in basis points (one-hundredth of a percentage point), the indicator stood at 561 basis points in April 2026, fell to 520 in May, dropped to 453 in June and touched a low of 419 basis points in July, before rising to 465 in August and climbing to 534 basis points in September.