Uruguay's Economic Outlook Ahead of Elections

As Uruguay prepares for its presidential elections, political candidates discuss economic reforms, inflation reduction, and relations with Argentina and Mercosur, setting the stage for potential changes.


Uruguay's Economic Outlook Ahead of Elections

During the recent election in Uruguay, an extensive document of proposals was presented to the contenders for the presidency of the country. In an exclusive interview with the media, various topics were addressed, from the incoming economic scenario to the necessary reforms and the relationship with Argentina and Mercosur amid calls for greater flexibility in the bloc.

The analysis prior to the change of government in Argentina and the implications for Mercosur were discussed. The importance of addressing the fiscal deficit as one of the challenges to be faced by the next government was highlighted. The differentiation between the political systems of Uruguay and Argentina was emphasized, as well as the importance of improving state efficiency and reducing regulations.

Regarding relations with Argentina, it was mentioned that the change of government in the neighboring country has allowed progress in projects such as the deepening of the Port of Montevideo. There was optimism about these prospects. Additionally, there was reflection on the need to improve public spending and make adjustments in the functioning of the state to boost economic growth.

In relation to the reform proposals, the viability of certain initiatives, such as pension reform, was questioned, and the importance of not compromising the macroeconomic stability of the country was underscored. The need to modernize the Uruguayan state without neglecting existing social policies was also addressed.

Regarding the business sector, its nonpartisan stance was emphasized, along with the importance of working with the elected government, regardless of its political affiliation. Meetings with various candidates were mentioned, along with the presentation of an agenda for medium-term economic development. Emphasis was placed on the resilience of the Uruguayan business sector and the need to promote structural reforms for the country's progress.