IMF Staff Country Reports

Uruguay: Statistical Annex

Publication Date:

August 17, 1995

Summary:

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.

Series:

Country Report No. 1995/075

Subject:

Bank deposits Banking Currencies Economic sectors Exchange rates Expenditure Foreign exchange Labor Money Pension spending Pensions Public sector

Notes:

This statistical annex on Uruguay was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.