Tag: Uruguay budget deficit

Uruguay budget deficit
Friday, February 1st 2013 - 23:07 UTC

Uruguay’s budget deficit soars to 2.8% of GDP; Minister pleads for ‘austerity’

Economy minister Lorenzo budget deficit has created “a vulnerable situation”

Uruguay’s budget fiscal deficit soared to 1.35 billion dollars or 2.8% of GDP last year, the highest since 2003, propped by energy costs, extraordinary one time payments and support for the recently implemented national health scheme, according to a release from the Ministry of Economy.

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