Uruguay’s President Ties 2023 Tax Cuts to Economic Growth

President Luis Lacalle Pou said his government will reduce a social security tax and expand income tax deductions for poorer households in 2023 if the economy performs well.

• Lacalle Pou, speaking in his annual address to Congress, said the purchasing power of workers’ salaries will start to recover this year
• NOTE: Uruguay Finance Minister Sees 3.8% Growth in 2022, Prior 2.9%

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Jose Orozco

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