Structural Balance Policy in Chile

Structural Balance Policy in Chile

Since 2001, Chile’s fiscal policy has been built on the concept of a central government structural balance. The Fiscal Responsibility Law, approved in 2006, gave legal force to key aspects of the structural surplus and fiscal policy. This article assesses the results of the structural surplus rule i...

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Veröffentlicht in:OECD Journal on Budgeting 2007-01, Vol.7 (2), p.59-92
Hauptverfasser: Rodriguez, Jorge C., Tokman, Carla R., Vega, Alejandra C.
Format: Artikel
Sprache:eng
Schlagworte:
Balance of payments
Budget
Budget surplus
Business cycles
Chile
Committees
Copper
Economic activity
Economic development
Economic growth
Federal government
Fiscal policy
GDP
governance
Gross Domestic Product
Molybdenum
Prices
Production costs
Public finance
Public sector
Tax revenues
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Beschreibung
Zusammenfassung:Since 2001, Chile’s fiscal policy has been built on the concept of a central government structural balance. The Fiscal Responsibility Law, approved in 2006, gave legal force to key aspects of the structural surplus and fiscal policy. This article assesses the results of the structural surplus rule in Chile over the past six years.
ISSN:1608-7143
1681-2336
1681-2336
DOI:10.1787/budget-v7-art9-en