LatinNews Daily - 08 June 2018

Uruguay: Uruguay’s economy & finance minister Danilo Astori has presented a legislative bill which would increase budget spending until 2020 by an additional Ur$4.7bn (US$150m). Astori said that education, health, housing, and public security – which the government led by President Tabaré Vázquez identified as priorities at the start of the year – would receive Ur$3bn of this. He noted that the increases would be financed through expected profits from the state-owned Banco de la República Oriental del Uruguay (BROU), Uruguay's largest banking institution, of Ur$2.6bn for 2019 and Ur$2.92bn for 2020.

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