Cover IMF Staff Country Reports
Uruguay: Statistical Annex
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 075
Language:
English
Publication Date:
17 Aug 1995
DOI:
https://doi.org/10.5089/9781451839180.002
ISBN:
9781451839180
ISSN:
1934-7685
Pages:
103
Keywords:
ISCR; CR; foreign currency; exchange rate; Uruguayan peso; private sector; replacement ratio; personal property; average earnings; long-term debt; Currencies; Public sector; Exchange rates; Pension spending; Pensions; Western Hemisphere; Europe; Asia and Pacific
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1995: Issue 075