Kast’s Mega-Reform Receives Harsh Criticism From the Autonomous Fiscal Council for “Diverse Risks” to Public Finances

El Pais

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The mega-reform promoted by the government of José Antonio Kast faced on Tuesday a bath of reality, after the Autonomous Fiscal Council (CFA), an independent public and consultative body, warned about the risks that its implementation would imply for the sustainability of Chile’s public finances, amid its current discussion in Congress. Continue reading

La Tercera

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“The final impact of the project on the fiscal balance depends critically on the realization of the projected economic growth,” said the president of the Autonomous Fiscal Council, Paula Benavides. He also said that “achieving fiscal neutrality in that period will require additional sources of funding of relevant magnitude, not contained in the project.”

BioBioChile

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The Autonomous Fiscal Council (CFA) today presented to the Finance Commission of the Chamber of Deputies its vision on the draft law of the “National Reconstruction Plan” that incorporates various fiscal, tax and economic measures. Although the technical agency recognized that the initiative combines various proposals with the aim of increasing the trend growth of the economy, it also made several warnings, such as that the final impact of the p…

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During his recent presentation to the Finance Commission of the Chamber of Deputies, the Autonomous Fiscal Council (CFA) presented several concerns and recommendations regarding the draft National Reconstruction Law promoted by the Government of President José Antonio Kast. The technical, public and independent body, charged with assessing the sustainability of the country's public finances, warned that the initiative could generate a negative n…

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The Autonomous Fiscal Council (CFA) of Chile, the body responsible for evaluating the fiscal health of the Executive, has issued a critical report on the so-called mega-reform of the Chilean president, José Antonio Kast, stating that the project of which the ultra-conservative president has made his fundamental pillar since his arrival in La Moneda "presents fiscal deficits until at least 2031", even "considering growth", and until 2050 if not.