Chile | Little room for manoeuvre: public expenditure growth in 2016 to be around 4.6%

Published on Thursday, August 13, 2015 | Updated on Sunday, July 15, 2018

Chile | Little room for manoeuvre: public expenditure growth in 2016 to be around 4.6%

Summary

The government released the structural variables for the 2016 Budget Law: potential GDP and long-term price of copper. As expected, both were revised downwards. With no full information, but assuming the target of a structural balance of -0.8% of GDP, we estimate a public expenditure growth in 2016 of 4.6%.

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Authors

Jorge Selaive
Hermann Esteban González
Cristóbal Gamboni

Documents and files


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Report (PDF)

BBVA_SEEChile_ObservatorioFiscal_11082015

Spanish - August 13, 2015

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