Uruguay's Orsi outlines economic plan ahead of election

Yamandu Orsi‚ Uruguays front-runner in the upcoming presidential election (scheduled for 10/27/24) has outlined his economic strategy in a recent interview. The 57-year old former regional mayor‚ representing the left-leaning Broad Front coalition‚ aims to tackle the countrys growing deficit without resorting to unpopular tax hikes.

Orsiʼs plan focuses on stimulating economic growth through innovation‚ technology and investment attraction. “I dont see the need to increase taxes“ he stated‚ adding “What is necessary is growth and to make the economy grow“ The candidate believes that cutting state jobs and raising taxes arent the solution to addressing the deficit

In terms of trade policy‚ Orsi expressed caution regarding a free-trade agreement with China outside the Mercosur bloc. He emphasized the importance of working within Mercosur limits‚ describing any attempt to break away from the bloc as “absurd“ and “unrealistic“ However‚ he remains open to Chinese investment‚ particularly through the Belt and Road initiative

Regarding Venezuelas political situation‚ Orsi criticized the recent election (held roughly 3 months ago) as “more than suspicious“ and lacking democratic legitimacy. However‚ he didnʼt rule out inviting Nicolas Maduro to his inauguration if elected‚ stating “When the time comes‚ well see who is invited and who isnt“

The latest polls suggest a tight race between Orsi and Alvaro Delgado of the center-right National Party‚ with a likely runoff election in November. As Uruguay approaches this crucial vote‚ Orsiʼs economic vision and diplomatic stance continue to shape the political landscape