May 29, 2018 |
In its first months in office, Chile’s new government is making a big push to put the country on a new fiscal path.
The administration of President Sebastián Piñera announced plans in May to cut nearly $5 billion from the budget over the next four years to rein in Chile’s fiscal deficit. The cuts followed plans to trim $500 million by cutting back on state expenses like travel and other administrative costs.
Long one of Latin America’s more stable economies, Chile is trying to emerge from severa
As Chile feels the effects of its first downgrade since the 1990s, Finance Minister Felipe Larraín lays out the strategy to improve the country’s credit rating.