This paper aims to contribute to the interpretation of the economic history of Uruguay during the first decades of the 20th century. Although there is abundant literature about this period, public finances still need in-depth study. We offer an overview of the fiscal budget of the Central...

This document describes the evolution of the public debt services, their incidence on the Central Government expenditure and their links to the budgetary imbalances in Uruguay, between 1935 and 1959. The extent up to which the public indebtedness has questioned the fiscal sustainability along...

In this paper the Uruguayan public indebtedness from 1905 to 1939 is estimated. The timeframe covers a particular historical period characterized by the end of the “civil wars”, the consolidation of the political power of batllists and the settlement of agreements in order to restore the...

This paper explores the distributional impacts associated with the formation and management of the Exchange Difference Fund in Uruguay during the period 1937-1959. Under the economic crisis of the thirties and the implementation of mechanisms to cope with it, the government assumed the control...