Chile Private Sector Backs 2027 Budget, Flags Fiscal Deficit Risks

Chile's private sector, led by CPC president Susana Jiménez, welcomed the first budget bill of President José Antonio Kast's administration, which proposes a 1.5% spending increase. However, weak macroeconomic indicators complicate the government's fiscal deficit targets, raising concerns about fiscal sustainability. The budget's passage and its impact on growth and job creation remain uncertain.