Chilean governors resist 7% budget cut, seek reversal in meeting with minister

Chilean regional governors are pushing back against a Treasury proposal to cut their 2027 budgets by 7%, escalating a dispute that will culminate in a face-to-face meeting with Minister Jorge Quiroz. The governors aim to nullify the cut, which was discussed in the Fourth Subcommittee. This is a domestic fiscal-political conflict with no immediate market impact, but it signals potential friction in budget negotiations.