Chile Finance Minister Marcel Says 2025 Budget Comes With Big Deficit Cut
- Finance Minister Mario Marcel speaks in interview in London
- Government will present its 2025 budget as inflation speeds up
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Chile’s Finance Minister Mario Marcel said the government is pressing ahead with its plan to halve the fiscal deficit next year, even as it faces spending pressure to fight crime and fund social programs.
His comments indicate the government will maintain a tight rein on fiscal expenditures in 2025 as the economy slowly gains traction. The budget proposal has to be presented to Congress by the end of this month.