Chile: Government expenditure may increase 8% YoY in 2H14

Summary

Government expenditure may increase 8% YoY in 2H14. The under execution of public investment during the first part of the year and the compromise of the Finance Minister to counter-cyclical fiscal policy may have a significant contribution on GDP growth on 2H14. Fiscal accounts revealed today for 1H14, shows that the economic deceleration is already affecting VAT income taxes, and that the public expenditure did not contribute to the internal demand the first part of the year.

Geographies

Topics

Tags