2015 Budget

CHILE - Report 02 Oct 2014 by Igal Magendzo, Robert Funk and Alberto Etchegaray

On October 1, the government presented to Congress its proposal for the 2015 budget. The budget must be approved by Congress before the end of November. The government claims that the budget is aggressively countercyclical.

Fiscal spending in Chile depends on “structural” rather than current fiscal revenue. That means that the government first announces a target: in this case a deficit of 1% for 2015. The income side of that figure is calculated on the basis of estimated long-run revenues, which in turn are estimated using potential GDP (as opposed to actual GDP), and a long-term price of copper.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.