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MercoPress, en Español

Montevideo, November 25th 2024 - 07:03 UTC

Tag: Uruguay's budget surplus

  • Monday, February 17th 2014 - 09:09 UTC

    Uruguay's budget surplus reached 2.3% of GDP in 2013

    Government owned companies contributed 350 million dollars to the deficit

    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.