LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

October 19, 2023

What Does Chile’s Budget Say About Boric’s Priorities?

Chilean President Gabriel Boric said last month that he is seeking a 3.5 percent increase in spending next year, a more modest increase than this year. // File Photo: Chilean Government.

Q

A

Carla Alberti, assistant professor in the Department of Political Science at the Pontificia Universidad Católica de Chile: “The most important initiatives in the 2024 budget proposal focus primarily on areas such as public security, education, health care, housing, emergencies and care. For instance, the budget proposal contains a series of initiatives aimed at strengthening public security, one of the main concerns for citizens in the country, including expanding the capacity of the penitentiary system and creating three new prosecutor’s offices. Moreover, the budget assigns additional resources to prevent and combat environmental emergencies, particularly fires. Lastly, President Boric announced resources for the creation of a National Care System. Given the economic situation and the failure of the previous constitutional process, the government has not been able to implement its original program. This budget proposal reflects this and also incorporates the issue of public security as a top priority, which was not part of the ruling coalition’s original discourse. Additionally, the lack of agreement in Congress over the fiscal pact has meant that…”

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Merike Blofield
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Devry Boughner Vorwerk
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Int’l Gov’t Relations,
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Nicolas Mariscal
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Ernesto Revilla
Head of Latin American Economics, Citi

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