End of preview - This article contains approximately 741 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Weekly Report - 06 October 2016 (WR-16-39)
CHILE: Bachelet presents ‘austere’ budget
President Michelle Bachelet last week unveiled her government’s proposed national budget for 2017. Indicative of ongoing economic pressures on the ruling left-wing Nueva Mayoría coalition government as a result of the fall in international prices of copper (Chile’s main export), the initiative proposes a 2.7% increase in overall spending compared with the previous year – the smallest increase since 2003. Bachelet maintains that the budget -which is currently being discussed by congress – will address her declared priorities of education, health and, now, security. However, it comes amid the renewed threat of protests from trade unions dissatisfied with the government’s proposed public-sector wage increase for the following year.
- ‘No’ vote shatters illusions of peace in Colombia
- VENEZUELA: Debate rages over the next VP
- ECUADOR: Ruling AP selects presidential candidate
- BRAZIL: PT and PMDB suffer electoral setbacks
- REGION: Temer visits Buenos Aires and Asunción
- CHILE: Bachelet presents ‘austere’ budget
- TRACKING TRENDS
- MEXICO: Mexico City fights against budget cuts
- EL SALVADOR: Spectre of default looms
- GUATEMALA: Corruption complications drag on for Morales
- Peru’s Kuczynski earns congressional breakthrough
- Quotes of the week