MercoPress. South Atlantic News Agency
Uruguay's budget surplus reached 2.3% of GDP in 2013
Despite a decade of sustained growth Uruguay's fiscal deficit reached 2.3% of GDP last year, which is an improvement over 2012, when it reached 2.8%, but above the government's target of 2.1%. In money terms this means the budget red was equivalent to 1.154bn dollars, including 350 million dollar losses from government owned companies. Read full article
Comments
Disclaimer & comment rulesMercopress, your heading is based on hope and not reality.
Feb 17th, 2014 - 09:37 am - Link - Report abuse 0It shouldn't read surplus but deficit.
@ 1 Anglotino
Feb 17th, 2014 - 04:02 pm - Link - Report abuse 0I suspect that this is not MPs problem but how the government words their announcements. Yes, I know that they could have worked it out for themselves but have you read the rest of this crap? Talk about walking though treacle!
I am used to accurately interpreting complex company accounts but I defy anybody to make sense out of this mess.
One statement has Social Security climbing 0.4% in GDP [which is +3.1% from last yeat] “while the primary result of the governments companies improved 0.7 percentage points and was equivalent to 1.6% of GDP. WTF does that mean. Surely money from GDP is a negative not a positive.
Interest on debt has actually climbed 7.7% from last year but0.2% percentage points sounds better, doesn’t it?
“Finally the Ports Authority had a surplus of 7 million dollars and the railways administration, 2 million dollars.”
So does this make allowance for the millions of dollars TMBOA is screwing us over for with banning transfers to MVD? And have UTE been paid for the electricity we are sending to The Dark Country even though the bastards wouldn’t let us take electricity from Paraguay over their distribution system. Perhaps they knew all along that the system would have caved in as shown by the spectacular success of the “NO LUZ” programme for BsAS.
AND I didn’t know we had a working railway, or is it just the offices but no tracks and trains?
For some reason left-wing governments aren't very good at making ends meet. Rather like my sister who consistently spends more than her income, even when there's a windfall.
Feb 17th, 2014 - 06:22 pm - Link - Report abuse 0This paper sucks.
Feb 17th, 2014 - 08:34 pm - Link - Report abuse 010 years of sustsined growth in Uruguay is a bad sign.
Feb 18th, 2014 - 11:39 am - Link - Report abuse 0For you lot.
The disappearance of the Australian car industry us a good sign.
For you lot...
@ 5 “Free energy” Stevie
Feb 18th, 2014 - 03:40 pm - Link - Report abuse 0PMSL at you, again!
Don’t you realise it’s a deficit. Yet more money down the drain than these stupid bastards took in! And it was an even BIGGER loss in 2012! So which ten years do you want to take?
FFS get a grip on the reality, even from Sweden.
Anymore successes like this and we will all be in Queer Street, except you because you don’t live here.
Maybe Uruguay should lose all industries in order to compete... Following your lots logic it would be a great tactical move...
Feb 19th, 2014 - 03:17 pm - Link - Report abuse 0@ 7 “Free energy” Stevie
Feb 19th, 2014 - 06:39 pm - Link - Report abuse 0Given this laughable comment it is of no use even posting to you, you have demonstrated that you are utterly incapable of understanding what needs to be done.
The first thing though is of course to impeach No Money Pepe and throw every Tupamaro of of government until they can pass a basic school exam. That would put them out forever.
Are you also upset because of all you learnt in school is today part of the history education?
Feb 19th, 2014 - 07:04 pm - Link - Report abuse 0We've had 20 years of sustained growth so Uruguay's 10 years is pretty good.
Feb 19th, 2014 - 08:44 pm - Link - Report abuse 0But will it survive Argentina's next economic crisis with growth intact? Let's hope.
@ 10 Anglotino
Feb 19th, 2014 - 09:15 pm - Link - Report abuse 0How can loss after loss be growth? That is what Uruguay has suffered under Pepe. Failure to make productivity improve to match the spending.
It's all basic crap, you don't even have to be intelligent to realize what envious green eyes “Free energy” Stevie has and he just cannot stop himself from making stupid comments when it is all shown to be a disaster for the country.
I WISH we had a “failure” like Australia instead. Everybody would be much better off.
So you mean we are worse off today than 10 years ago?
Feb 20th, 2014 - 06:21 am - Link - Report abuse 0Sre you blind, old man? Or are you just to angry to see?
Maybe you haven't been in the country enough time to know what you are talking about...
Stevie
Feb 20th, 2014 - 09:09 am - Link - Report abuse 0ChrisR is just repeating what you have said about Australia. According to you, after 20 years of sustained growth we are still not better off than we were 20 years ago.
So who is right? You or him?
Or do you not know what you are talking about?
@ 13 Anglotino
Feb 20th, 2014 - 10:30 am - Link - Report abuse 0“Or do you not know what you are talking about?”
I think even he can work that one out. :o)
Anglolatino
Feb 20th, 2014 - 02:24 pm - Link - Report abuse 0Who said Australia isn't better off today than 20 years ago?
I stated the car industry in Australia is closing down and reflected over the idea you guys have on the matter being an improvement. I further applied the logic on Uruguays 10 years of industrial Growth, more than economic, and realised it would mean us having to reverse from that path and literally walk back in our own tracks...
Do you two know what we are talking about?
So Australia is better off than it was 20 years ago?
Feb 21st, 2014 - 04:46 am - Link - Report abuse 0I have no problem stating Uruguay is better off than 10 years ago. Feel free to quote me when needed. See, that's me taking an actual position.
You should try it sometime.
Who said Australia wasn't?
Feb 21st, 2014 - 10:45 am - Link - Report abuse 0Now, having in mind the car industry is closing, ask me again in 5 years time...
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!