IMF Staff Country Reports

Chile : Selected Issues Paper

Author/Editor:

International Monetary Fund

Publication Date:

September 29, 2010

Electronic Access:

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Summary:

The cornerstone of Chile’s impressive fiscal performance and strong fiscal system has been its structural balance rule. It has helped to insulate public spending from copper price cycles and improve the government’s net financial position. Chile should adopt a full-fledged medium-term fiscal framework to improve fiscal planning and provide a framework for addressing temporary deviations from the fiscal rule. Publishing additional fiscal indicators in the budget, such as the non-copper structural balance, could provide more comprehensive information on the impact of fiscal policy on the domestic demand.

Series:

Country Report No. 10/299

Subject:

Banking sector Chile Fiscal policy Income distribution Productivity Selected issues Skilled labor Terms of trade Wages

Frequency:

Quarterly