The plebiscite of PIT-CNT against social security reform would not be endorsed by the Uruguayans, according to a rating agency report S&P Global Ratings, who described this scenario as “unlikely.”
A report from the US agency reflected that the law approved in April of last year “should contain the spent in the coming years”, which is why he considered it difficult for there to be “sufficient political or popular support to reverse some aspects of the reform”, as reported by Subrayado.
It is worth remembering that the PIT-CNT recently presented more than 430,000 signatures for the initiative that proposes changing the retirement age to 60 years, linking pension assets to minimum salary and eliminate the AFAP.
Although he plebiscite It has robust support from different union sectors, the same does not happen with the political arc. To the expected rejection of the ruling party, there is also that of some sectors of the Broad Front, from where they do not end up supporting the project.
Although two of the three pre-candidates signed the ballot, only Andres Lima He actively campaigned for the plebiscite. While, Carolina Cosse He provided his signature, but clarified that he will detail his position “when the time comes,” something that will possibly occur after the internal elections.
Instead, Yamandu Orsi spoke out against the plebiscite, in line with what was expressed by Mario Bergara, the candidate who lowered his application to accompany the former mayor of Canelones.
Standard & Poors highlighted the stability of Uruguay
In his report on Uruguay, S&P assessed the country’s “stable record of policies,” as well as the “cohesive and consensual nature of its political class,” to rule that, after the elections 2024, “no major changes are expected in economic policy.”
With respect to growth, anticipated that it will be 2.7% annually between 2024 and 2027, while praising the fiscal strength and policies adopted by the government, as well as a good level of investment foreign, despite the completion of construction works UPM 2. Meanwhile, he predicted a good recovery after the effects of the drought and the exchange difference with Argentina
