Argentina Expands Export Incentives, Massa Leads Presidential Race with Austerity Promises
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Argentina announced an expanded export incentive program starting Tuesday, now offering it to all export sectors rather than just soybeans.
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The program allows exporters to swap 30% of foreign currency earnings at better exchange rates to bring in reserves.
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Economy Minister Sergio Massa emerged as frontrunner in Sunday's presidential election and will compete in a run-off.
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Massa said he will aim for a 1% primary fiscal surplus in 2024, cutting budgetary benefits granted by Congress.
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Massa finished ahead of libertarian Javier Milei in the first round of voting, reversing pre-election expectations.