Uruguay's budget fiscal deficit climbs in March to its highest since October 2003

Friday, May 2nd 2014 - 09:27 UTC

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Uruguay's fiscal deficit climbed to 3.2% of GDP during March, the highest since October 2003, --equivalent to 1.69 billion dollars--, but Economy minister Mario Bergara said that there is no risk for “the sustainability of public accounts or sustainability of current macroeconomic policies”. Read full article

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ChrisR
Buggeritupa - Bergara, the so called “Economy Minister” of Uruguay must take us all for fools:

On inflation, the THIRD highest in SA: “Buggeritupa argued that a strong growing economy, for years, has increased demand and caused a push on prices” so the growing number of government workers on the tit (600,000 according to government figures, so it will be higher), the 10% hike in fuel prices decided by “No Money Pepe” without discussing it with anybody else it seems, thus causing everything to rise by MORE than 10% (everything, goods and people travel by road) and the myriad of 12% Intendencia tax rises (because they can’t escape the government either) and all the other little fiddling has had nothing at all to do with it.

I took these prats at their word when they used to original figures due to the excellent management of the economy by Vasquez. This bunch are toilet cleaners by comparison.

Buggeritupa only got the job because the former twat had to resign and good riddance! He earned my approbation when he announced to the public he was commending UTE for managing their operating deficit BY PUTTING PRICES UP! UTE are of course owned by the government and are a monopoly so if they can’t get it right WTF is going on.

The real problem with these idiots is one of expectation. They look to the south and see 42M people, they look north and see 250M and they forget that Uruguay is only 3.5M or ONE THIRD of the population of Greater London.

I look forward to the day with great anticipation when somebody with a brain and common sense who can run a small country properly arrives: I am bound to be disappointed while these numb nut Tupas are in charge.

Uruguay is at the people level a GREAT country, it is just not a GREAT BIG country.
May 02nd, 2014 - 07:08 pm - Link - Report abuse 0
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