LatinNews Daily - 30 November 2020

* Chile’s national legislature has approved, with some changes, the bill which establishes the 2021 national budget after more than two months of discussion. The budget is for a total US$73.234bn, which represents a 9.5% increase on the 2020 budget and includes a 14.9% increase in public investment. The budget plans for a structural public deficit of 4.7% of GDP in 2021, and plans for the government’s gross debt to total 36.4% of GDP. Having previously passed through the lower chamber, the budget was approved by the senate one day before the legal deadline, with 28 votes in favour and four abstentions. Changes introduced by congress include an increase in resources for primary healthcare and for the recovery of small businesses hit by the effects of the coronavirus (Covid-19) pandemic. The 2021 budget must now be signed into law by President Sebastián Piñera.

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