Uruguay: Statistical Annex

August 17, 1995

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Format: Chicago

Uruguay: Statistical Annex, (USA: International Monetary Fund, 1995) accessed September 19, 2024

Summary

This paper describes the social security system and pension reform in Uruguay. The reform of the social security system is the most important structural issue facing Uruguay. Large social security outlays have led to high rates of payroll taxes and large transfers from the Central Government, which has encouraged tax evasion and reduced the availability of resources for other essential public outlays, such as investment and other social services. Moreover, the fast growth of social security outlays has threatened the solvency of the public finances, undermined confidence, and discouraged private investment.

Subject: Bank deposits, Banking, Currencies, Economic sectors, Exchange rates, Expenditure, Foreign exchange, Labor, Money, Pension spending, Pensions, Public sector

Keywords: Asia and Pacific, Average earnings, CR, Currencies, Europe, Exchange rate, Exchange rates, Foreign currency, ISCR, Long-term debt, Pension spending, Pensions, Personal property, Private sector, Public sector, Replacement ratio, Uruguayan peso, Western Hemisphere

Publication Details

Pages:

103
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/075
Stock No:

1URYEA0011995
ISBN:

9781451839180
ISSN:

1934-7685

Notes

This statistical annex on Uruguay was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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