Chile | Copper price under USD 2.0: A menace to reach the Fiscal Budget in 2016?

Summary

With the copper price even under USD 2.0 per pound, the government wouldn't use assets from the sovereign funds neither cut the expenditures. Rather, it would be forced to reach the upper bound of the debt allowed by the Fiscal Budget Law 2016 solicited to finance the effective deficit, USD 8.5bn.

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