Uruguay: Statistical Annex

International Monetary Fund

No 1995/075, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; foreign currency; exchange rate; Uruguayan peso; private sector; replacement ratio; personal property; average earnings; long-term debt; Currencies; Public sector; Exchange rates; Pension spending; Pensions; Western Hemisphere; Europe; Asia and Pacific (search for similar items in EconPapers)
Pages: 103
Date: 1995-08-17
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