PREVIEW-Argentina Aug tax revenue seen up 36.5 pct yr/yr

* WHAT: Argentina tax revenue in August

* WHEN: Wednesday, Sept. 1

* REUTERS FORECAST: 34.50 billion pesos ($8.59 billion), up
36.5 percent year on year, according to the median forecast.
Seven analysts participated in the survey, with estimates
ranging from 33.70 billion pesos to 36.22 billion pesos.

FACTORS TO WATCH: Argentina’s tax revenue is seen jumping
again year-on-year as the economy continues to grow strongly.
Analysts said the increase continues to be fueled by export
taxes on record soy and grains harvests and consumer spending.
Annual inflation forecast by private economists at about 25
percent is also pushing tax revenue higher.

MARKET IMPACT: Rising tax receipts are positive for
Argentina’s creditors, although government spending has been
growing at around the same pace ahead of an October 2011
presidential vote. Higher tax revenues also reflect the
economy’s rebound from a slump in 2009.


Argentina’s bureau of statistics website:

For historical Argentine statistical data in Spanish,
please see pages (ARECI09: ) through (ARECI14: )

To see a calendar of Argentine economic indicators click on
(ECONAR: ) or type in ECONAR on a quote page and press enter

For separate pages detailing Argentine analysts’ economic
forecasts, click on: (ARECI05: ) (ARECI06: ) (ARECI07: ) (ARECI08: )
($1 = 4.015 Argentine pesos)
(Reporting by Jorge Otaola; Writing by Helen Popper; Editing
by James Dalgleish)

PREVIEW-Argentina Aug tax revenue seen up 36.5 pct yr/yr