Argentina state oil firm YPF spent $120M on ads since January, contradicting zero-spend pledge

YPF, Argentina's state-controlled oil company, has spent $120,000 million (likely $120 million) on advertising since January, contradicting the government's stated zero-spending policy. The report, based on YPF's balance sheet, reveals increased expenditure and raises questions about media allocation. This is a domestic political controversy in Argentina, with implications for government credibility and fiscal discipline.

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