It Wasn't Bankruptcy, It Was Fiscal Deterioration.

La Tercera

Lean Right

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DIRECTOR:Given the recent fiscal discussions, a first question is whether the Chilean state is financially broken. The answer is a non categorical one. The gross debt of the Central Government closed 2025 at 41.7% of GDP, still below the prudent level of 45%. Treasury assets were equivalent to 4.1% of GDP, so the net financial position was -37.6% of GDP. The EFSI, moreover, maintained US$3.889 million at the end of December 2025. Chile, for this…