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LatinNews Regional Monitor: Brazil & Southern Cone - 11 May 2018

CHILE: Austerity plans expanded despite recovery

The government led by President Sebastián Piñera has unveiled a new fiscal austerity plan for 2018-2021. The plan is designed to reduce the inherited fiscal deficit, rationalise public spending and redirect it towards key social development programmes proposed by the new government. It argues that all of this is needed to reinvigorate Chile’s domestic economy, which has registered sluggish growth since 2014. Yet Chile’s economy is already starting to show signs of renewed dynamism, to the benefit of Piñera, who only took office in March.

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