Chile's 2027 Budget: Kast Administration Cuts Programs, Raises Debt

Chile's first budget under President Kast, submitted Sept 30, shows a 1.5% real increase in net expenditure to $105.8 trillion, but with sectoral cuts, notably in education (0.78% real growth) and other programs. The government acknowledges a 2.7% increase over the approved 2026 budget, signaling fiscal tightening amid rising debt. This marks a shift in fiscal policy, with potential implications for social spending and economic growth.