* Chile’s lower chamber has approved the government’s proposed 2022 state budget, which is for C$60.7trn (US$82.1bn). This represents a 3.7% increase on the approved 2021 budget, but actually equates to a 22.5% reduction in real spending this year, as extraordinary expenditures related to the coronavirus (Covid-19) pandemic are expected to bring the 2021 budget execution to Cl$78.2trn (US$99.56bn). The government led by President
Sebastián Piñera highlights as priorities: health (the budget for which will increase by 11.6%); children (the social development & families ministry received a 12% increase); and public investment (the government highlights increases of 11.6% and 8% for the ministries of public works and housing respectively), among other things. Finance Minister
Rodrigo Cerdo also said that the budget was in line with the government’s priority of “
fiscal sustainability”.
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