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Uruguay announces US$31 million increase for budget review, focusing on child welfare
🇺🇾 Uruguay /Economy & Trade

Uruguay announces US$31 million increase for budget review, focusing on child welfare

From El País · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Uruguay's government announced an increase of US$31 million for the upcoming budget review.
  • The funds will support the unification of social transfer systems, prioritizing children, security, education, and homelessness.
  • The changes aim to reduce child poverty by an estimated 25% through a new unified child and adolescent allowance.

Uruguay's government unveiled plans for a significant boost to its upcoming budget review, allocating an additional US$31 million. This funding injection is primarily aimed at transforming the social protection system, with a strong focus on childhood, security, education, and addressing homelessness.

We are talking about an additional US$31 million.

— Gabriel OddoneMinister of Economy and Finance, announcing the increased funding for the upcoming budget review.

Economy Minister Gabriel Oddone announced the increase following a cabinet meeting. The funds will support the unification of various transfer systems, a key component of the new budget review to be presented to Parliament. Oddone stressed that these modifications will not alter the fiscal goals set for the 2025-2029 period.

We are going to build a unified transfer system where the amount of the transfer will differ based on the income decile to which households belong.

— Rodrigo ArimDirector of the Office of Planning and Budget, explaining the new system for child and adolescent allowances.

A central element of the reform is the creation of a unified system for child and adolescent allowances. Rodrigo Arim, director of the Office of Planning and Budget (OPP), explained that the transfer amounts will vary based on household income deciles. For the lowest two deciles, children aged 0-3 will receive approximately $10,000, while others will receive around $6,600, equivalent to a basic food basket. This initiative is projected to reduce poverty among these groups by approximately 25%.

It implies a substantial growth of the current situation.

— Rodrigo ArimDescribing the impact of the new transfer amounts for children in the lowest income deciles.
DistantNews Editorial

Originally published by El País in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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