Chile | Fiscal revenues declined during April while public expenditure accelerates

Summary

In April, fiscal expenditure accelerated to7.6% YoY, mainly driven by government consumption. Meanwhile, fiscal revenues declined by 13.5% YoY, driven mainly by lower tax collection from mining. Hence, the effective fiscal balance reached the figure of 1.2% of GDP, a figure not seen since 2012. This is also paving the way towards the highest effective deficit since 2009.

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