President Kast Dismisses Withdrawal of Urgency From National Reconstruction Project Despite CFA Alerts
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The Autonomous Fiscal Council (CFA) presented its main preliminary reflections and recommendations on the National Reconstruction and Economic and Social Development Bill to the Finance Commission of the House of Deputies on Tuesday, May 5. In this context, the agency specified that its analysis focused exclusively on the fiscal aspects of the initiative, without passing judgments on tax policy or on the specific design of proposals, on the prem…
President José Antonio Kast ruled out withdrawing the urgency of the National Reconstruction project. This after the warnings raised by the Autonomous Fiscal Council (CFA) for its impact on state revenues. After participating in the Salmon Summit meeting in Frutillar, he said. “We will continue with the emergencies and we will always ask Parliament to think about Chile.” “Chile has been stuck for 10 years. Today in Chile there are about a millio…
"Not Even with Growth Reaches": CFA Presented Hard Report that Puts in Check Kast's "Rebuilding Law"
President José Antonio Kast's ambitious economic strategy faces his first major technical obstacle. The Autonomous Fiscal Council (CFA) presented a report to the Chamber of Deputies where he questions the financial sustainability of the National Reconstruction Law, warning that the proposed tax cuts do not have the necessary compensation to avoid a prolonged deficit.
In the middle of the legislative debate of the project for National Reconstruction and Economic and Social Development promoted by the government, the Autonomous Fiscal Council met in Congress, pouring out a set of criticisms and recommendations to the initiative. As for the deficiencies presented by the project, the agency pointed out in voice of its [...] The post CFA and opposition pose risks and inconsistencies in Miscellanean law: General S…
The President urged the opposition after criticism of making concrete proposals, "because what we have seen so far are slogans."
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