Investor Presentaiton
5
Government forges ahead with structural and market-friendly
reforms: "keeping the high-beam headlights on"
Urgent
Consideration (UC) Law1/
2020-2024
Budget Law
2021
Budget Review
Social Security
Reform
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.
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.
Approved on
November 3rd, 2022
■ Fullfillment of the
three pillars of the
Fiscal Rule in 2021
■ Proposes additional
expenses for three
specific areas:
education, I+D and
citizen security.
■ Provides for further
public policies to
foster the long-term
growth of the
Approved by Senate
on December 28st,
2022. Now in
Chamber of Deputies.
Parametric changes
to all schemes.
Established a
common system for
all the schemes that
exist in the country.
■ Creation of an
independent
regulatory agency
that oversees the
entire regime.
Mechanisms to
encourage voluntary
savings.
1/ On March 27th, 2022, a public referendum was held on whether to repeal, or uphold, 135 articles of the Urgent Consideration Law voted in 2020. The majority of the
population (51,3%) voted in favour of upholding them.
Source: Ministry of Economy and Finance of Uruguay.
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