Daily Tax Report: International

Uruguay Can Cut Deficit Without Raising Taxes: Martinez Adviser

Oct. 14, 2019, 3:26 PM

Ruling Broad Front doesn’t plan to cut the deficit by raising taxes if it wins a fourth presidential term because economic recovery and spending restraint should be enough to do the job, according to Christian Daude, senior adviser to presidential candidate Daniel Martinez and Finance Ministry’s chief economist.

“We think the tax burden in our economy is at adequate levels and shouldn’t increase,” Daude said in interview in Montevideo.

The Martinez government would seek to lower the overall non-financial public sector deficit to around 2% of GDP by the end of administration’s fourth year.

It wants to invest approximately $5...

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