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Given how important the rule has been in generating fiscal discipline in Chile and the need to strengthen it, we propose reducing the procyclicality of the benchmarks, increasing controls over the projection of effective revenues, simplifying the calculation of the cyclically adjusted balance sheet (CAB) and redefining the …

En este Observatorio Económico se analizan distintos escenarios para que el crecimiento del gasto público en el trienio 2016-2018 permita alcanzar la meta de balance estructural el último año, meta que el gobierno chileno se ha autoimpuesto. De lo anterior se desprende que será la inversión pública la que deberá hacer la ma…