Chaco province debt default rate hits 36.79% in Chacabuco department

In the Chacabuco department of Argentina's Chaco province, 36.79% of outstanding debt is over 90 days delinquent, totaling more than $21 billion (presumably Argentine pesos). This indicates severe localized credit stress, likely reflecting broader economic hardship in the region. The high default rate may signal deteriorating household and business finances, with potential implications for regional banks and economic activity.