(Updates with tax collection figures, context)
BUENOS AIRES, Nov 2 (Reuters) - Argentina said on Monday its total monthly tax haul had jumped 43.9% in October versus the same period the previous year, an unexpected boon amid an otherwise debilitating economic recession.
The country´s economy ministry said the top South American grains producer had collected $8.197 billion in October, attributing the sharp spike to the gradual recovery of economic activity and stabilizing prices.
The ministry said in a statement said the comparative windfall “contributes to the financial normalization of the national public sector.”
The substantial tax haul comes amid a long-running recession made worse by the ongoing coronavirus pandemic. Analysts predict inflation of around 40% for 2020. Argentina remains in the throes of the pandemic, reporting over 1 million cases since the outbreak began there in March and more than 30,000 deaths from the disease. (Reporting by Nicolas Misculin, writing by Dave Sherwood Editing by Marguerita Choy)
Our Standards: The Thomson Reuters Trust Principles.