First Fiscal Balance 2025: Debt Lower than Expected; Fiscal Deficit Close to 3% and Treasury Announces Adjustment of Expenditure

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Finance Minister Nicolás Grau, accompanied by Budget Director Javiera Martínez, handed over the fiscal balance figures...

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The Minister of Finance, Nicolás Grau, along with the Director of Budgets, Javiera Martínez, handed over the balance sheet of budget execution 2025. There were positive news in that balance sheet and others not so much. Minister Grau mentioned that the debt as a percentage of GDP was 41.7%. “This better result is explained by a higher growth and exchange rate. Both components contribute half of this improvement,” he said. The minister stressed t…

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The holder of the Treasury portfolio, Nicolás Grau, explained that the effective deficit “is 2.8%, which is equal to the value of 2024”, despite the fact that the last projection of the Treasury was 2%.