Uruguay: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uruguay
IMF Staff Country Reports, January 31, 2018
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- Uruguay: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uruguay
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Bibliographic details
- Published: January 31, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484338322.002
Fiscal policy and public finances
- Fiscal adjustment in Uruguay is on track.
- Fiscal policy was countercyclical in 2017.
- Higher income tax receipts partly offset rising pension and health care costs.
- The overall deficit is estimated to decline to 3.3 percent of GDP.
Financial markets, exchange rates, and capital flows
- The government continues to be able to access international financial markets on favorable terms, including through global nominal-peso bonds.
- Financial flows have remained volatile.
- Local and nonresident investor interest in the peso has been strong overall.
External sector and current account
- The current account balance has been improving.
- The current account is now in surplus, estimated to approach 2 percent of GDP in 2017.
Content in this bundle
- Country Report