BUENOS AIRES—Argentina’s federal government has refinanced the debts it is owed by 18 provinces, as governors struggle to plug budget deficits aggravated by double-digit inflation.
The federal government reprogrammed 75 billion pesos ($11.5 billion) in principal and interest payments due in 2014 for a net savings to the provinces of around 11 billion pesos, President Cristina Kirchner’s cabinet chief, Jorge Capitanich, said in a…
More: Argentina’s Federal Government Refinances Provincial Debts
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