On Wednesday night, in a nationwide broadcast, President José Antonio Kast unveiled his first fiscal budget, which will record a spending increase of 1.5% and will focus on employment, security, and health.
The head of state announced an "additional half-point effort to accelerate recovery, investment, and employment," with which 2027 fiscal spending would exceed 90 trillion pesos (about US$93 billion).
And in this context, he called on Congress to debate each of the budget items rigorously, but without falling into "political trenches."
"Six months ago, we received a State that had been spending more than it received for more than a decade. It's the same thing that happens to a family. When the paycheck isn't enough, you first dip into your savings, and when the savings run out, you borrow," the head of state said.
He added that "Chile spent a good part of its savings and every year had to borrow more. For years, spending more was confused with solving more. Every September, along with the Budget, a deficit target was announced along with the promise to meet it. But for several years, the closing figures never matched what had been announced. The targets were corrected on the fly, and Chile ended up paying the difference with more debt."
Faced with this scenario, and with the imminent legislative debate on the budget items, the president emphasized that "when the country needs it, Congress is capable of reaching agreements."
"The parliamentar…
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PolicyIn a national broadcast, the president announced this Wednesday his first fiscal budget, which will register a spending increase of 1.5% and will focus on employment, security and health.30.09.2026
President Kast - National Broadcast CommentsOn Wednesday night, in a national broadcast, President José Antonio Kast announced his first fiscal budget, which will register a spending increase of 1.5% and will focus on employment, security and health. The president announced an "additional half-point effort to accelerate recovery, investment and employment," with which 2027 fiscal spending would exceed $90 billion (about US$93 billion). And in this context, he called on Congress to debate each of the budget items rigorously, but without falling into "political trenches.""Six months ago we received a State that had been spending more than it received for more than a decade. It is the same thing that happens to a family. When the salary is not enough, first you dip into savings, and when the savings run out, you borrow," said the head of state. He added that "Chile spent a good part of its savings and every year had to borrow more. For years, spending more was confused with solving more. Every September, along with the Budget, a deficit target was announced along with the promise to meet it. But for several years, the closing never matched what was announced. The targets were corrected along the way and Chile ended up paying the difference, with more debt." Faced with this scenario, and with the imminent legislative debate on the budget items, the president emphasized that "when the country needs it, Congress is capable of reaching agreements.""The legislators have 60 days to discuss this Budget. I ask that the debate be rigorous, but that it not be from a trench. The urgencies of Chileans, the urgency of living better again, have no political color," Kast concluded. More about:2027 BudgetKastbroadcastCongress