The Minister of Labor and Social Security assured that repealing the social security reform would be “disastrous” for the country.
The Minister of Labor and Social Security, Pablo Mieres, questioned the plebiscite of PIT-CNT against social security reform by warning that, if approved, Uruguay you run the risk of losing the investor grade.
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Mieres warned about the risks of the initiative, which has more than 200,000 signatures and still has about 70,000 left to be validated, while pointing out that its effects would be “disastrous” for the public accounts. “This campaign is tremendously negative. “We run the risk of losing the investment grade,” he warned, a few days after having reached the best credit note in history, with an improvement by Moody’s Ratings.


The leader specified that the PIT-CNT project would mean “failing to comply with its obligations to almost 1.5 million Uruguayans who have personal accounts in their name and would be confiscating improperly and illegitimately.”
He even considered that “it would generate enormous impact in the world because Uruguay is a country that is characterized by providing legal certainty” and assured that, after eventual approval, “spending on retirements and pensions “It’s going to skyrocket and we’re not going to be able to attend to the priority, which is youth and childhood.”
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The PIT-CNT hopes to gather more than 400,000 signatures
He PIT-CNT aims to gather at least 270,000 signatures to validate the plebiscite and that it be voted together with the elections 2024. However, the final deadline is April 27 and at the moment it has 200,000 adhesions, so it is missing 70,000.
Anyway, Nathalie Barré, Association of Social Security Workers, told Telemundo that this figure was reached in January and February, which “are the most difficult months” and assured: “Now all the militancy is deployed and the population is on the streets. We believe that we are going to reach 400 or 500 thousand signatures.”
To reach that level of optimism, Barré warned that “some signatures still need to be counted” and reviewed that “many come from Argentina, the United States, Spain and Brazil”, among other countries.
Finally, he highlighted the support of “ordinary Uruguayans.” “We were able to get rid of that FA-PIT backpack,” he said, pointing out that political parties do not support the initiative.
Source: Ambito