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Published on Friday, July 1, 2016 | Updated on Sunday, July 15, 2018

Chile | Fiscal spending accelerates in May. TR would avoid a worse fiscal deficit

Public spending increased by 8.4% YoY in May with a surge in public investment. Meanwhile, mining incomes and VAT suffer a strong decline, however, TR revenues compensates for the losses. To comply with the yearly goal spending growth will require moderation in 2H16, as a result, reducing its contribution on aggregate demand.

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