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February 3, 2022
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Orsi calls for strong public investment from the government to reactivate the economy

Orsi calls for strong public investment from the government to reactivate the economy


Mayor of Canelones, Yamandú Orsi.
Mayor of Canelones, Yamandú Orsi.

Orsi dedicated his opinion piece on radio CW 41 in San José to analyze the current economic situation in the country.

The hierarch of Canelones requested that this year or in 2023 the investments appear, because the first two years of the coalition government “have been of little investment or, as the people of the Chamber of Construction say, there has been a contraction of investment very harsh public policy and the Budget Law has been sidelined by the Urgent Consideration Law”.

He questioned that the National Budget “has a very contractive tendency with respect to public investment”, to the point that “works from the previous period are being closed”.

He cited a study by “Oxford University” which indicates that “of 87 countries analyzed, 62 chose as a strategy to invest a lot, that is, pour money into the street for works, in such a way that it can spill”.

“We need public works that always or most of the time is a catalyst for the rest of the economy,” he remarked.

Concern

The Canarian head of government said that, in addition, the economy is showing signs of concern, such as: “the fall of 1.35% in real wages in the private sector, and 1.9% in the public sector, and the adjustments of liabilities below inflation”.

“We have a contracted economy and if we don’t have money in our pockets to boost the domestic market and, in turn, there isn’t enough public investment to boost it, the future is not clear,” he said.

He added that it would be good if “there were three or four strong investment milestones on the horizon”, but he stressed that he does not see them.



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