The president of the Rural Association of Uruguay (ARU), Patricio Cortabarría, assured that the value of the dollar “erodes” the results of companies.
He exchange delay He tightened the rope again between agricultural sector and the government, after the president of the Rural Association of Uruguay (ARU), Patricio Cortabarría, accuse the administration headed by the president Luis Lacalle Pou of being “spending $2.5 billion too much.”
Cortabarría took advantage of his presentation during the opening of the Rural Expo Melilla 2024 to point directly against the delay in the exchange rate, beyond the last signal given by the Central Bank of Uruguay (BCU), with a reduction of 50 basis points in the Monetary Policy Rate, which is today at 8.5%, for which he was grateful, but insisted that the problem “is the cost of the State.”
The agricultural leader stated that this is a long-standing claim and questioned the “abrupt fall” of the dollar occurred in March, which for the moment is partially offset at the beginning of April, with an exchange rate close to 38.5 pesos.
For Cortabarría, the situation “has been eroding all the indicators of the companies’ economic results,” as he observed before an audience where Lacalle Pou was not present, but the vice president was. Beatriz Argimón, the Minister of Livestock, Agriculture and Fisheries, Fernando Mattos; your counterpart from Labor and Social Security, Pablo Mieres; and the interim mayor of Montevideo, Mauricio Zunino.
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The agricultural sector questioned public spending
The head of the ARU took responsibility for the exchange delay to “the more than 2.5 billion dollars that the State is spending more than it collects,” thus asking for better management of the tax issue.
Going deeper into his argument, he highlighted that these dollars “are changed into pesos and are poured into the economy to pay costs,” to which he analyzed that this “depresses the value of the dollar, making him lose competitiveness to the most thriving sectors of the economy”, while calling to “find a solution” to the exchange delay in order to “be able to concentrate on continuing on the path of growth of our economy, for the benefit of all Uruguayans.”
Rural leaders seek to sneak their demands into the electoral agenda
Given this scenario, Cortabarría anticipated as fundamental the meeting that they will hold this Friday from 3:30 p.m. with the presidential candidates, where the agricultural sector hopes to make its claims known and that they are well received by the candidates to succeed Lacalle Pou.
The objective is to “generate a bit of intellectual wealth and debate to be able to have a better thought-out future to face production in the coming years,” said the agricultural reference and stated that “in a year in which government programs are are writing, we consider it appropriate to talk about this topic that seems to be chronic in the country”.
In the “Conversation with pre-candidates on agricultural impact policies” they will participate for the National Party the pre-candidates Álvaro Delgado, Laura Raffo, Carlos Iafigliola, Jorge Gandini and Roxana Corban, while for the Wide Front Only Mario Bergara will do it. In addition, they will be Colorado Party Robert Silva, Tabaré Viera, Gabriel Gurméndez and Guzmán Acosta y Lara. For him Independent Party Pablo Mieres will do the same.
Source: Ambito
