Uruguay’s fiscal deficit increased 0.7 percentage points of GDP in April reaching 1.6% of GDP in the accumulated twelve months, reports the Ministry of Economy and Finance. The 1.6% of GDP is the fiscal budget deficit target established by the government for the whole of 2011, which was recently increased. Read full article
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Disclaimer & comment rulesBy comparison, US fiscal deficit in 2010 stood at 11% of GDP.
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