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The performance of the autonomous entities, which played a central role in Uruguay's economic development, was an even greater issue. Most of the autonomous entities were industrial or utility companies; others were service related Other important autonomous entities (andmonopolies) included the National Administration of Ports (Administración Nacional de Puertos -- ANP; another name for the Montevideo Port Authority), the National Telecommunications Administration (Administración Nacional de Telecomunicaciones -- ANTEL), and the State Railways Administration (Administración de los Ferrocarriles del Estado -- AFE).
The Sanguinetti government's policy toward the state enterprises had two aspects. First, the government planned to invest US$1 billion in public-sector projects during the 1987-89 period, raising government investment from 2.9 percent of GDP in 1986 to 5 percent of GDP in 1987-89. This target was not met, however. Public investment in 1987 and 1988 increased only to 3.1 percent and 3.4 percent of GDP, respectively, because of the need to restrain spending. Second, the government planned to improve the fiscal health of the state enterprises, many of which were running deficits. A combination of utility rate increases and spending cuts (but no significant cuts in employment) made most state enterprises profitable by the late 1980s, easing the public-sector deficit slightly.
Data as of December 1990
Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on Factba.se.
Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for Uruguay was first published in 1990. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.
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Section 101 of 167
($U) Uruguayan New Peso (UYU)
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