Chilean legislature nears completion of mega-reform package amid executive veto threats
The Chilean Chamber has approved the final components of a major reform, with only a Senate vote remaining on municipal funding adjustments. The executive branch, La Moneda, has signaled intent to issue partial vetoes in August to excise specific provisions, indicating ongoing friction between the administration and the legislature.
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Argentina — 14 developments
Argentina Pursues Fiscal Stability Amid Economic Contraction; Chile Advances Tax Reform
Argentina is actively pursuing a multi-pronged fiscal stability agenda, confirmed by legislative pushes for Central Bank reform, new penal code provisions, and amendments to the 'Fiscal Innocence' law, despite an economic contraction. Chile is advancing a significant tax reform package and legislation to mitigate electricity tariff increases, though executive vetoes are anticipated. The overall regional fiscal policy landscape is characterized by ongoing legislative activity and efforts to address economic challenges.