Argentine household arrears reach 17.5% and the government rules out intervening

In June, household credit arrears in Argentina climbed to 17.5% of total lending, according to data from the Universidad Austral and the consultancy Eco Go. The figures, derived from central bank records, highlight a growing trend of financial strain among individual borrowers in the country.

In response to the rising delinquency rates, the administration of President Javier Milei has officially ruled out government intervention. Officials maintain that the resolution to the credit crisis must be addressed through market-based mechanisms rather than state involvement.