Uruguay: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uruguay

January 31, 2018

Preview Citation

Format: Chicago

Uruguay: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uruguay, (USA: International Monetary Fund, 2018) accessed September 19, 2024

Summary

This 2017 Article IV Consultation highlights that the fiscal adjustment in Uruguay is on track. Fiscal policy has been countercyclical in 2017, with higher income tax receipts partly offset by rising pension and health care costs. The overall deficit is estimated to decline to 3.3 percent of GDP, and 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, and local and nonresident investor interest in the peso has been strong overall. The current account balance has been improving and is now in surplus, estimated to approach 2 percent of GDP in 2017.

Subject: Economic sectors, Exchange rates, External debt, Foreign exchange, Inflation, Prices, Public debt, Public sector

Keywords: Banking sector, Consumer price index, CR, Exchange rate, Exchange rates, Financial asset, Global, Government finance statistics yearbook, Inflation, ISCR, Liquid financial assets, Market diversification Uruguay present, Policy, Public sector, Uruguay, Uruguay's insertion

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/023
Stock No:

1URYEA2018001
ISBN:

9781484338322
ISSN:

1934-7685

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