Chile | Fiscal revenues declined during April while public expenditure accelerates
Published on Wednesday, June 1, 2016 | Updated on Sunday, July 15, 2018
Chile | Fiscal revenues declined during April while public expenditure accelerates
Summary
In April, fiscal expenditure accelerated to7.6% YoY, mainly driven by government consumption. Meanwhile, fiscal revenues declined by 13.5% YoY, driven mainly by lower tax collection from mining. Hence, the effective fiscal balance reached the figure of 1.2% of GDP, a figure not seen since 2012. This is also paving the way towards the highest effective deficit since 2009.
Geographies
- Geography Tags
- Latin America
Topics
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- Macroeconomic Analysis
Authors
Cristóbal Gamboni
Hermann Esteban González
Jorge Selaive
Documents and files
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