Investor Presentaiton
Challenges before Covid-19 outbreak: decelerating economy,
persistent fiscal deterioration and increasing debt burden
Real GDP
(Annual change, in %)
8
6
4
2
0
Real gross fixed capital investment
(Annual change, in %)
30
20
10
0
0,2
-2
2005
2008
2011
2014
2017
-1,4
2020Q1*
ã…Žã…Ž
-10
-20
2005
2008
2011
2014
2017
2020Q1*
(*) YoY
(*) YoY
Central Government fiscal balance 1/
Central Government debt
(In % of GDP, end of period)
(In % of GDP)
Primary Balance
Interests
Overall Balance
80
1
-1
-3
-5
2015
2016
2017
2018
2019
1/ Does not Include inflows of funds to the Social Security Trust, of 1.2% of GDP
(*) Last 12 months
Sources: Central Bank of Uruguay; Ministry of Economy and Finance of Uruguay
Gross Debt
Net Debt
00
60
-1,7
54,4
49,6
40
-2,7
20
-4,4
Apr-20*
0
2005
2007 2009 2011 2013
2015 2017 2018 2019 2020Q1
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