The fiscal deficit in Uruguay has reached levels comparable to those at the end of the previous leftist Frente Amplio's administration, posing a significant challenge to the current government a few months before the next elections. The latest data, adjusted for extraordinary factors such as the pandemic, indicates that the consolidated fiscal deficit stands at 4.4% of GDP, mirroring the 2019 figures.
Minutes before passing Mercosur's rotating presidency to Uruguay's Luis Lacalle Pou, Paraguayan head of state Santiago Peña pointed out Monday that during his 6-month tenure achievements had been made, albeit amid painful setbacks that have existed since the alliance was created. In addition, the Colorado ruler once again underlined the importance of fighting corruption and drug trafficking.
During the Summit of Mercosur Heads of State and Associate Members, President Luis Lacalle Pou delivered a compelling speech emphasizing the significance of Mercosur and advocating for greater openness within the bloc. Uruguay is set to assume the pro tempore presidency of Mercosur, and Lacalle Pou used this opportunity to address pressing regional issues and international trade agreements, particularly focusing on the recent political changes in Argentina.
Paraguayan President Santiago Peña admitted that the Southern Common Market (Mercosur) was not going through the best of times as he prepared to host the bloc's Summit in Asunción Monday during which he is to hand over the grou's rotating presidency to Uruguay's Luis Lacalle Pou.
Uruguayan President Luis Lacalle Pou left the traditional Suárez Y Reyes residency and moved into an apartment in Montevideo's exclusive Carrasco area citing proximity to where his ex-wife Lorena Ponce de León and the couple's children live.
Next month, from Thursday, July 4th to 8th, the Mercosur pro tempore presidency will be handed by Paraguay to Uruguay, at the capital Asunción during the regional presidential summit. On the occasion, Paraguayan president Santiago Peña will be giving the Mercosur presidency to Uruguay's Luis Lacalle Pou. Still, it will be interesting to see how leaders of the two major members, Argentina's ultra-liberal Javier Milei and Brazil's populist Lula da Silva, who are not on talking terms, will approach circumstances if they effectively attend the summit.
Uruguayan President Luis Lacalle Pou insisted Friday on the importance of SMEs for his country's economy. During a speech at the Midland Hotel & Resort in Paso de los Toros, in the department (province) of Tacuarembo, the head of state argued that his government lowered taxes on small businesses because they drove local activity, and to govern a country you have to know its human geography.
Conservative Presidents Luis Lacalle Pou of Uruguay and Santiago Peña of Paraguay are to join their hosting colleague Javier Milei on July 28 in Buenos Aires for the annual International Livestock, Agriculture, and Industry Exhibition, also known as the Rural Fair, it was announced.
Uruguayan President Luis Lacalle Pou called for “sustaining the largest port investment in history” and pledged to “watch over the national interest” in the US$ 600 million lawsuit filed by Montecon before the International Center for Settlement of Investment Disputes (ICSID) for alleged “anti-competitive practices” in the Port of Montevideo.
Chinese authorities have authorized additional Uruguayan slaughterhouses to ship beef and horsemeat from plants in Florida and Canelones to that country, Agriculture and Livestock Minister Fernando Mattos confirmed Friday.