Chile; Selected Issues Paper

The cornerstone of Chileâ€™s impressive fiscal performance and strong fiscal system has been its structural balance rule. It has helped to insulate public spending from copper price cycles and improve the governmentâ€™s net financial position. Chile should adopt a full-fledged medium-term fiscal framework to improve fiscal planning and provide a framework for addressing temporary deviations from the fiscal rule. Publishing additional fiscal indicators in the budget, such as the non-copper structural balance, could provide more comprehensive information on the impact of fiscal policy on the domestic demand.

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Year of publication:	2010-09-29
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Banking sector \| Income distribution \| Productivity \| Selected issues \| Skilled labor \| Terms of trade \| fiscal policy \| expenditure \| expenditures \| fiscal rules \| fiscal rule \| fiscal responsibility \| medium-term fiscal framework \| fiscal responsibility law \| fiscal framework \| public debt \| expenditure ceiling \| multiyear expenditure \| fiscal indicators \| expenditure growth \| public spending \| fiscal discipline \| tax revenues \| fiscal frameworks \| fiscal performance \| fiscal objectives \| mtef \| mtff \| government expenditures \| budget balance \| fiscal accounts \| fiscal system \| medium term expenditure framework \| growth of expenditures \| fiscal policy rules \| fiscal response \| fiscal tightening \| fiscal surpluses \| annual budget \| public finance \| government spending \| expenditure level \| fiscal management \| fiscal transparency \| public expenditure \| key fiscal indicators \| increase in expenditures \| fiscal outcomes \| fiscal responsibility act \| fiscal affairs department \| fiscal affairs \| fiscal targets \| fiscal impact \| fiscal sustainability \| fiscal policy rule \| primary budget balance \| fiscal reports \| tax increases \| fiscal planning \| tax base \| fiscal balances \| fiscal actions \| fiscal stance \| nominal expenditure ceiling \| public spending programs \| fiscal reporting \| budget law \| structural budget balance \| fiscal position \| expenditure frameworks \| budget expenditures \| central government budget \| sectoral expenditure \| discretionary fiscal policy \| fiscal policy framework \| fiscal issues \| medium term expenditure \| prudent fiscal management \| fiscal strategy \| expansionary fiscal stance \| expansionary fiscal \| budget deficit \| primary budget surplus \| public expenditure growth \| expenditure ceilings \| public finances \| budget surplus \| fiscal responsibility laws \| fiscal council \| tax collections \| expenditure framework \| fiscal powers \| tax rates \| fiscal analysis \| total expenditures \| government budget \| public deficits \| budget process \| fiscal variables \| fiscal impulse

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/299 5 pages long
Source:	RePEc - Research Papers in Economics

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