LatinNews Daily - 02 March 2026

*Uruguay’s Economy and Finance Minister Gabriel Oddone has announced that the government has met its fiscal targets for 2025. The structural fiscal result (RFE), which the government states is the best reflection of the economy’s fiscal position, met the target of -3.9% of GDP last year, a slight improvement of -4.0% of GDP in 2024. The net debt ceiling was also met with debt standing at US$3.08bn, below the established legal limit of US$3.45bn. The central government’s net debt ratio also fell compared to 2024 - from 58.0% to 56.5% of GDP - and consolidated below the medium-term anchor. Speaking at a press conference, the deputy economy and finance minister, Martín Vallcorba, stated that, “within this framework, in terms of our projections and growth outlook, we are maintaining the projections set out in the budget law for 2026, with an estimated growth of 2.2%."