US EditionKast Government Announces 3% Cut in Ministries to Face Lack of Liquidity
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In a new edition of the PM Economic Agenda, together with Sebastián Aguirre, we talked with the former Minister of Finance and director of Clapes UC, Felipe Larraín, about the announcement of a 3% cut in the ministries of the government of José Antonio Kast. “It does not affect the salary of public officials. What fits are the expenses goods and services that the public sector buys“, I assure you about the possible effect of these cuts. Moreover…
The Ministry of Finance ordered a 3% cross-cutting reduction in the spending of all ministerial portfolios. The measure, signed by Minister Jorge Quiroz, will be implemented according to the estimates of the Budget Law for 2026. This decision is part of the concern of the government of President José Antonio Kast for the state of public finances. Each ministry will have to determine how to apply this reduction in their respective programs and fi…
These are the ministries that would implement the biggest budget cut after the instruction signed by Minister Quiroz.
The Minister of Finance of Chile, Jorge Quiroz, announced a widespread cut in public spending that will include a 3% reduction in the budgets of all ministries.To this end, he said he will sign a trade that will instruct the adjustment in each portfolio.The measure will be complemented by an additional adjustment equivalent to US$1 billion, which will be distributed among the ministries according to each one's ability to reduce their spending. S…
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