MONTEVIDEO – The representative of the Inter-American Development Bank (IDB) in Uruguay said on Thursday that the small South American nation has succeeded in improving “social well-being” through public spending, by means of a more efficient redistribution of its resources.
Morgan Doyle, who participated along with Uruguay Economy Minister Danilo Astori in the opening of the third conference on strengthening budget management, said that the South American nation is one of the Latin American countries with the highest levels of public spending in social programs.
The IDB representative said public spending has been increasing in Latin America and the Caribbean in the last few years, though he insisted that the key is to spend “correctly and intelligently,” adding that Uruguay has focused on using public resources to improve health, education, security and housing.
Doyle said that Uruguay has reduced income inequality by roughly 14 percent.
The IDB representative highlighted that Uruguay has carried out a “tremendous effort” to strengthen its systems and areas linked to economic and financial management by taking a comprehensive approach to digital transformation in public administration.
Astori, for his part, said that last year’s event was focused on analyzing how to improve budget management by means of inclusive growth and economic liberalization, while this year’s event will focus on “concrete and everyday actions” to put these measures into practice.