Chile Prepares 2025 Budget Aimed at Reducing Deficit

Chile's Finance Minister, Mario Marcel, has announced the government's plans to create a budget for 2025, focusing on reducing the country's deficit amidst prolonged economic pressure. Chile faces the necessity to control its growing deficit, which requires significant efforts from authorities to optimize spending and increase revenue. The proposed budget is expected to be presented at the end of this year.

Marcel emphasized that the current situation calls for strict adherence to financial discipline. Chile's debt burden has increased due to economic difficulties caused by the pandemic and other factors. The new budget is expected to be essential for ensuring economic sustainability and attracting foreign investments.

The government plans to establish a dialogue with various sectors of the economy to consider the views of businesses and the public in the budget-making process. This should help allocate resources more effectively and take into account the interests of all economic participants.

Mario Marcel also noted that reducing the deficit is related not only to cutting expenses but also to improving tax policy, which in turn should lead to increased budget revenues. Special attention will be given to combating tax evasion and enhancing tax administration efficiency.

The upcoming budget will be a crucial step towards restoring financial stability and strengthening trust from international investors, who play a key role in Chile's economic development. The government hopes for a positive market response and is ready for an active dialogue with economic experts and business representatives.