| Palocci: tightening the reins |
At the end of August, there was something of a showdown in Uruguay. Leftist president Tabare Vázquez wanted to revise the country’s multi-year budget plan so that it would guarantee expenditure on education of at least 4.5% of GDP. That was, after all, one of his campaign promises.
But Vázquez’s finance minister, Danilo Astori, had other ideas. Fiscal constraints, he said, meant that the government could guarantee education expenditure of only 3.5% of GDP.
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