LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

October 28, 2024

How Does Boric’s Budget Address Chile’s Needs?

Chilean President Gabriel Boric last month proposed a budget that increases spending just shy of 3 percent for the coming year. // File Photo: Chilean Government.

Q

A

Jennifer Pribble, professor of political science and global studies at the University of Richmond: “President Boric’s 2025 budget proposal is characterized by fiscal responsibility and spending priorities that reflect public opinion trends. The 2.7 percent increase is larger than last year’s increase, but smaller than the budget growth of previous administrations. The 2025 budget upholds the government’s stated fiscal priorities, reducing the deficit to 1 percent of GDP. This signals Boric’s continued commitment to fiscal restraint and orthodox macroeconomic management, even as the country heads into an election cycle. The 2025 budget priorities mirror trends in public opinion. The budget increases funding to the Ministry of the Interior and Public Security by 2.4 percent. If approved, spending on public security will have increased 15 percent since the beginning of Boric’s government…”

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