European Parliament Library

Chile :, Selected Issues Paper

Abstract
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
Table Of Contents
Cover; Content; I. Strengthening Chile's Rule-based Fiscal Framework; A. Introduction; B. Background: Chile's Main Fiscal Challenges and Risks; Figures; I.1. Central Government's Assets and Liabilities; C. An assessment of Chile's Fiscal Rule; Tables; I.1. Contingent Liabilities in 2009; I.2. Copper Price Evolution and Composition of Mining Revenues; I.2. Modifications to the Methodology of Calculation of the Structural Balance, 2005-10; I.3. Chile's Fiscal Balances; I.3. Chile's Key Fiscal Indicators; I.4. Assessment of Chile's Structural Balance Rule
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283554961

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