Investor Presentaiton
6 Government forges ahead with structural and market-
friendly reforms
Covid-19 Solidarity
Fund
Urgent
Consideration Law
Approved on April
8th, 2020
Voted unanimously by
all parties, to be
managed by the
Executive branch.
■Fund earmarks the
budgetary resources
to address the
emergency, keeping
tabs of the Covid-
related expenditures
and where and how
the money is spent.
Approved on July 9th,
2020
■Changes in the tax
code for small
businesses.
■Changes in the
regulatory framework
for energy markets.
■Commission of experts
of the Pension Reform
submitted the diagnosis
on March 23rd 2021 and
has 90 days onwards to
present a
comprehensive reform
to Congress.
■ Draft of new fiscal
framework.
2020-2024
Budget Law
✓
Approved on
December 18th, 2020
New governance for
public enterprises:
performance targets
and accountability.
Environmental and
ESG-focused policies
(Helsinski Principles).
Implementation of
new fiscal
institutionality.
2020
Accountability Law
Approved on October
26th, 2021
■ Achievement of 2020
fiscal targets.
■ Updated macro and
fiscal projections for
the 2021-2025 period.
Focus on the
efficiency of primary
expenditures and the
implementation of
social programs
addressing child
poverty and housing
for lower-income
families
On September 29, 2021, the Fiscal Advisory Council was
established (a technical, honorary and independent body)
tasked with assessing the overall implementation of the
fiscal rule).
Source: Ministry of Economy and Finance of Uruguay.
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