2025 2026 2027 2028 2029
2022 2023 Q1 Q2 Q3 Q4 year
Imports G&S
97,558 99,037 19,145 21,576 22,079 20,312 83,112 89,279 93,783 98,579 103,372 107,169
FDI payments
2,076 2,337 561 594 539 549 2,243 2,315 2,366 2,406 2,433 2,455
Interest federal government
2,034 2,934 1,374 545 1,374 545 3,837 4,030 4,000 3,970 5,418 5,856
to IFIs (excl IMF)
667 1,706 527 527 527 527 2,109 2,131 2,127 2,117 2,243 2,217
to private creditors FX
866 1,205 831 1 831 1 1,665 1,832 1,804 1,776 3,072 3,523
to private creditors AR$
501 23 16 16 16 16 64 67 69 77 104 116
Interest provincial government
710 951 339 167 344 158 1,008 943 834 764 475 377
Amortization federal government
8,009 5,462 909 912 1,583 912 4,317 6,902 6,881 7,506 9,415 10,415
to IFIs (excl IMF)
2,507 3,516 706 706 706 706 2,822 2,941 2,817 2,845 2,903 2,960
to private creditors FX
0 0 0 3 674 3 681 3,335 3,335 3,807 5,766 6,689
to private creditors AR$
5,502 1,946 203 203 203 203 814 627 729 854 746 767
Amortization provincial government
274 1,074 474 403 292 389 1,558 2,225 2,193 2,165 1,099 881
Debt service to IMF
18,642 20,978 2,805 2,805 1,509 861 7,980 3,473 4,603 7,691 9,412 9,494
of which interest and charges
1,868 3,238 861 861 861 861 3,445 3,473 3,485 3,323 2,905 2,346
Other outflows (net)
12,631 16,544 4,140 3,548 4,677 3,091 15,456 12,139 17,067 18,121 16,582 17,984
Total Needs
141,934 149,317 29,746 30,549 32,397 26,819 119,511 121,306 131,726 141,201 148,205 154,632
Exports G&S
103,003 88,637 22,438 27,959 27,164 25,143 102,704 109,271 115,180 121,508 128,071 133,463
FDI Inflows
15,409 22,237 4,437 3,472 1,582 1,706 11,197 9,997 12,022 14,201 14,913 15,914
Borrowing of federal government
6,350 6,668 1,323 1,323 1,323 1,323 5,294 7,026 8,259 9,732 11,460 14,740
from IFIs (excl IMF)
4,334 4,630 1,040 1,040 1,040 1,040 4,159 4,073 4,002 4,042 3,936 3,948
from private creditors FX
49 69 64 64 64 64 257 2,259 3,459 4,759 6,674 9,909
of which international market issuance
0 0 0 0 0 0 0 1,500 2,500 3,500 5,000 6,000
from private creditors AR$
1,967 1,969 219 219 219 219 877 694 798 931 850 883
Borrowing of provincial government
689 507 197 197 197 197 786 1,012 1,265 1,761 1,761 515
Reserve Drawdown (- = accumulation)
-6,918 18,600 -3,300 -3,200 1,600 -2,100 -7,000 -6,000 -5,000 -6,000 -8,000 -10,000
Total Sources
118,534 136,649 25,096 29,751 31,866 26,269 112,982 121,306 131,726 141,201 148,205 154,632
Total Gap
23,401 12,667 4,651 797 532 548 6,530 0 0 0 0 0
IMF Disbursements
23,401 12,668 4,651 797 532 550 6,530 0 0 0 0 0
Sources: National authorities and Fund staff estimates and projections.