Chile's fiscal deficit grows, expected to impact new government

Government

July 30 (UPI) -- Chile's projected fiscal deficit for 2025 has risen from to 1.8% from 1.6% of gross domestic product, according to recent statements by the economic team in President Gabriel Boric's administration. While the revision may seem small, it marks a failure to meet the government's target for maintaining a structural balance. The change has raised concerns, casting doubt on the credibility of Chile's fiscal rule -- a key pillar of the country's macroeconomic stability. Budget

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