LatinNews Daily - 05 April 2018

Chile: Chile’s new finance minister, Felipe Larraín, has announced a new fiscal austerity plan to be applied to ministries, governors, and intendencies which seeks to save US$122m a year – or some US$500m in four years – with the savings to be used to finance social programmes. The minister said that the areas to see the biggest austerity efforts would be professional fees and travel expenses as well as spending on publicity, acquisition of vehicles, and overtime & training. Larraín took up his post along with the rest of the new right-of-centre Chile Vamos coalition government led by President Sebastián Piñera on 11 March.

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