UPDATE: Argentina's 2010 Primary Surplus Was ARS25 Billion

BUENOS AIRES (Dow Jones)--Argentina posted a primary fiscal surplus of 25 billion pesos ($6.3 million) for 2010, about 45% more than in 2009.

Economy Minister Amado Boudou released the figure in a presentation late Tuesday.

Argentina posted a financial surplus for the year of ARS3.03 billion, compared with a financial deficit of ARS7.1 billion the previous year.

Revenue was up 34.7% in 2010 amid a boom in consumer spending and high inflation. That, among other things, inflated revenue from the country's 21% value-added tax. Revenue from income taxes and agricultural exports, whose prices were higher last year, also pushed the tax numbers up.

In 2009, the government posted a primary surplus of ARS17.27 billion.

As for December, the government reported a primary deficit of ARS2.2 billion.

Boudou said such deficits are common in the month of Decemb