MercoPress. South Atlantic News Agency
Uruguay will appeal to a cut in state-run utilities rates, if necessary, to keep inflation under control
Uruguayan President Jose Mujica admitted that annual inflation would likely remain between 7 and 9% for the rest of his administration, above the government's target maximum, but he will appeal to a cut in state-run utilities rates if necessary to keep the index under control. Read full article
Comments
Disclaimer & comment rulesState-fun utilities sound intriguing.
Feb 17th, 2014 - 12:23 pm - Link - Report abuse 0Elaine, I assure it's no fun when the electricity Bill comes in at the end of the month
Feb 17th, 2014 - 12:58 pm - Link - Report abuse 0This stupid, Tupamaro, illiterate commie bastard has NO understanding of finance as anybody who does can see for themselves with this “announcement”.
Feb 17th, 2014 - 03:32 pm - Link - Report abuse 0Robbing Peter to pay Paul is what they did this year and they thought they had “contained inflation”, not realiosing that all they had done was stoked it up for January and February bills. This is the cretin who, without discussing with ANCAP or anybody else announced that fuel was going up 10%. It is now more expensive per gallon than the UK!
And this is beyond a joke:
“Inflationary pressure was “a consequence of the success” of the Uruguayan model, he said, pointing to “strong domestic demand, improved salaries, full employment and formalizing jobs in the underground economy”.
“Maybe the increase in our productivity and other factors at play are not moving at the same speed. But I think it's manageable”
Now just look at the REAL meaning here: increased salaries (but no increase in productivity to pay for it) and as for other factors he should close his ridiculous “Social Inclusion Programme” which gives money to people who have NEVER worked (at school or anywhere else) NOT to work at the expense of those who DO work and pay taxes.
The fundamental problem is that the government has so many illiterate and innumerate Tupamaros who, like Pepe never finished school in places of power or in NGO’s drawing real money out of the treasury for nothing or worse. And I can prove that; the “Director” of Toxicology at Maldonado is an ex-Pizza parlour manager. But of course to make sure she doesn’t kill anybody with her “decisions” she has ADDITIONAL technically competent people on the payroll to “advise her”.
And this fiasco is what “Free energy Stevie” would have us believe is better than anything else for Uruguay.
Mad house or what?
Hehe state fun.
Feb 17th, 2014 - 04:52 pm - Link - Report abuse 0Taxpayer funded log flumes and bouncy castles everywhere.
*approves*
3
Feb 17th, 2014 - 05:02 pm - Link - Report abuse 0Things like “Success of the Uruguayan model” and what you later state as:
”increased salaries (but no increase in productivity to pay for it) and as for other factors he should close his ridiculous “Social Inclusion Programme” which gives money to people who have NEVER worked (at school or anywhere else) NOT to work at the expense of those who DO work and pay taxes.“ start to sound f**king c close to the steps that Arg. took in this mess that they call ”the won decade”
Fortunately you guys only have one year to go.
My hope is that Uruguay does not follow our steps.
Your steps?
Feb 17th, 2014 - 05:24 pm - Link - Report abuse 0Mate, bith you and Chris are expats with one sole purpose. To use your pensions in your preferred nations of choice.
Don't worry, nobody in Uruguay will follow your steps...
I don't know about Chris, but I'm not an expat. And I don't have a pension either.
Feb 17th, 2014 - 05:40 pm - Link - Report abuse 0What makes you arrive at that conclusion?
@7 Tarquin Fin
Feb 17th, 2014 - 06:04 pm - Link - Report abuse 0Stevie will not tell anyone where he is posting from but assumes he knows everything about everyone else that posts here.
No, no, Dear President,
Feb 17th, 2014 - 06:12 pm - Link - Report abuse 0Subsidizing houshold electric rates is a wise choice until inflation is controlled. I have read about you, good sir, What in the frugality of you personal life is missing in your national economy? Start with the biggest waste or out of control speculators or both. Remove the household rate subsidy when inflation subsides and household income is sufficient for a decent living.
ChrisR @ 3
Feb 17th, 2014 - 06:32 pm - Link - Report abuse 0I'm not sure that forcing down UTE charges is a case of robbing Peter to pay Paul. What one must take into account is that for many many years UTE has been consistently overcharging their captive customers (because UTE is a monopoly), so if they're overcharging a little less isn't it a case of “robbing” a little less? It might even force UTE to become a little more efficient even though a budget deficit probably wouldn't scare them much.
@ 10 ynsere
Feb 17th, 2014 - 09:51 pm - Link - Report abuse 0“so if they're overcharging a little less isn't it a case of “robbing” a little less?”
Mmmm. It would be if the deficit they have charged the government with (because they fucked up at least TWO investment programmes in concert with mismanagement) hadn’t been “absorbed by the treasury” and if the “adjusted” figures (to fiddle the inflation rate for the year end) hadn’t also been absorbed by the treasury but in this case allocated to “investment”.
So I leave it to you to decide who picks the tabs up for these “absorptions” do you think? YES, it’s US again, the poor bloody customers of this poorly run and totally mismanaged by the Directors “company” which also happens to be a government monopoly! It doesn’t really matter HOW the charge is made but WHO pays for it and it isn’t UTE like it would be in the real world. This little dodge is also known in some circles as “moving the deck chairs on the Titanic” because in the end the ship sinks [but UTE will still be kept afloat, won’t it, whatever the cost?]. So why would they bother being more efficient? Have you looked at their structure, just imagine what that little lot take home?
Sorry to burst your bubble. :o)
@ 7 Tarquin Fin
“What makes you arrive at that conclusion?”
We would love to know what makes “Free energy” Stevie arrive at any conclusion other than blind, unthinking loyalty to a bunch of illiterate and innumerate murderers known as the Tupamaros, but don’t get me started on that fiasco.
He knows all my pensions are here and most of my not inconsiderable investment money is actually invested in Uruguay. I live solely on my revenue from these, I NEVER touch my capital.
He off course pays no taxes here, he does not live here but in Sweden where his mom and dad ran away to when the Tupamaros of which they were a part died the death due to the army being given a free hand to deal with them.
Don’t you just love him?
I see with have another commie / Marxist idiot in the making @ 9!
Chris R @ 11
Feb 18th, 2014 - 12:13 am - Link - Report abuse 0Yes Chris, I fully agree. At the end of the day it's always the poor bloody infantry who pay. You and I, and all who actually live here.
Over the years ALL Uruguayan gov't-run enterprises hace proved to be cock-ups (cocks-up?). For the last 100 years or so.
Public utilities are run very well as such. The thing goes round and round, far faster than a sewer plant, which doesn't say much.
Feb 18th, 2014 - 03:13 am - Link - Report abuse 0Take Florida, for example, corporatists want to privatize the public power at the capital. Repocrats and Demonkans have so far held back the corporatists.
Pay and stop crying.
Feb 18th, 2014 - 11:42 am - Link - Report abuse 0You have a role to fulfill.
What hole have you to fill Stevie?
Feb 18th, 2014 - 03:00 pm - Link - Report abuse 0@ 15 redp0ll
Feb 18th, 2014 - 03:45 pm - Link - Report abuse 0The one in his head that tells him he has discovered a method for “free energy”.
He is a genuine, Swedish, Tupamaro. They are all illiterate and innumerate if the present laughingly called “government” are concerned. He fits right in.
Thought it might be the long drop in Solymar. But he does drop himself in it regularly, doesn't he?
Feb 18th, 2014 - 04:44 pm - Link - Report abuse 0I know, it's a privilege to be Uruguayan.
Feb 18th, 2014 - 05:20 pm - Link - Report abuse 0Some people are lucky to be born as such, others spend their lives paying to become one...
;)
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