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UPDATE 1-Argentina says tax revenue rose 30 pct in September
October 3, 2016 / 9:26 PM / a year ago

UPDATE 1-Argentina says tax revenue rose 30 pct in September

(Adds details on revenue increase, background)

BUENOS AIRES, Oct 3 (Reuters) - Argentina’s tax revenues rose 30 percent in September from a year earlier to 168.317 billion pesos ($10.99 billion), the AFIP tax agency said on Monday.

The increase in tax revenue largely came from consumption, spurred by still-high inflation in Latin America’s third-largest economy.

The government expects 12-month inflation to fall from 40 percent mid-year to 17 percent in 2017.

Exchange rate on Sept. 30: $1 = 15.1900 Argentine pesos Reporting by Luc Cohen; Editing by Diane Craft, Bernard Orr

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