LatinNews Regional Monitor: Brazil & Southern Cone - 27 August 2019

* Chile’s finance minister, Felipe Larraín, has announced a fiscal stimulus package for the second half of 2019 and for 2020 totalling US$571m in a bid to try to stimulate domestic economic activity. The Chilean government has committed US$355m in additional government investment for this year and US$216m for 2020. The ministries of housing and urbanism, public works, health, and agriculture will respectively receive US$218m, US$150m, US$26, and US$63, while regional governments will receive US$114m. Investment will be focused on infrastructure, housing, entrepreneurship and productivity, medical equipment, and irrigation. Larraín emphasised that the measures will not result in a budget deficit and take place within “the space that we have within the budget”.

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