The Fiscal Party Is over, but You Can Avoid Hangover

La Tercera

Lean Right

Factuality

Ownership

The Autonomous Fiscal Council (APC) has just warned that the brake on the deterioration of public finances cannot continue to be postponed. In 2010 the government’s gross debt was 10% of GDP and has since been growing systematically. Most notably, it has done so at a very even speed, both in the good years, which are relatively few, and in the crisis years, and so our gross debt has reached 41.7% of GDP, spending half of the government’s financi…