Investor Presentaiton
6 Government forges ahead with structural and market-
friendly reforms
Addressing pre-pandemic structural shortcomings will be key to supporting medium term
recovery and potential growth
Covid-19 Solidarity
Fund
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.
Source: Ministry of Economy and Finance of Uruguay.
Urgent
Consideration Law
Approved on July 9th,
2020
Changes in the tax
code for small
businesses.
■ Draft of new fiscal
framework.
■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.
2020-2024
Budget Law
Approved on
December 18th, 2020.
Implementation of new
fiscal institutionality.
New governance for
public enterprises:
performance targets
and accountability.
Environmental and
ESG-focused policies
(Helsinski Principles).
2020 Budget
Review
Submitted to Congress
on June 30th, 2021
■ Achievement of
2020 fiscal targets.
■ Update of 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
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