Tag: Uruguay budget deficit

• Friday, February 1st 2013 - 23:07 UTC

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

  

  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.