Finance Minister Jorge Quiroz accusing inconsistency in public debt projections during a press conference.
صورة مولدة بواسطة الذكاء الاصطناعي

Quiroz accuses us$10 billion inconsistency in public debt projection

صورة مولدة بواسطة الذكاء الاصطناعي
العربية

Finance Minister Jorge Quiroz presented the first-quarter 2026 Public Finance Report and accused errors in the previous government's debt projections.

Minister Jorge Quiroz stated that the February report from Gabriel Boric's government omitted US$10.5 billion in debt projections for 2026-2030. This would have led to an underestimation of gross debt growth.

Quiroz announced an administrative investigation to determine whether it was an error or other factors. The Autonomous Fiscal Council certified the structural balance calculation in a meeting held on Monday.

The new report adjusts the 2026 effective deficit to -2.4% of GDP and projects debt will reach 46.5% of GDP by 2030. The decree with fiscal targets will be published on June 9.

ما يقوله الناس

Initial reactions on X focus on the US$10.5 billion debt projection inconsistency accused by Minister Quiroz, with users debating if it was an error or lie, praising transparency, criticizing the prior government, or questioning the new minister's motives. Diverse sentiments include skepticism, negativity toward Boric, and neutral reporting of the investigation announcement.

مقالات ذات صلة

Colombian Finance Minister presenting 2026 economic projections including dollar rate at $3,801 and Brent oil at $59.2, amid charts and a skeptical press audience.
صورة مولدة بواسطة الذكاء الاصطناعي

Colombian government projects dollar at $3,801 and brent at us$59.2 for 2026

من إعداد الذكاء الاصطناعي صورة مولدة بواسطة الذكاء الاصطناعي

The Ministry of Finance published the Financial Plan for 2026, projecting 2.6% GDP growth and 5.8% inflation. The document estimates an average dollar rate of $3,801 and Brent barrel at US$59.2, though analysts warn of calculation errors and lack of concrete measures for fiscal cuts. The publication was delayed by more than a month compared to previous years.

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Chile's Dirección de Presupuestos (Dipres) reported that the Government's gross debt hit US$158.215 billion by the end of Q1 2026, or 42.6% of GDP. Fiscal cash reserves fell to US$597 million, as fiscal revenues rose 0.9% in real annual terms and public spending 0.7%. The report notes heterogeneous performance driven by mining.

Colombian national government gross debt reaches 65.1% of GDP in first quarter

من إعداد الذكاء الاصطناعي

Colombia's Finance Ministry reported that national government gross debt reached 65.1% of GDP in the first quarter of 2026, the highest level for that period since 1999. Net debt rose to 59% of GDP.

أمريكا

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سياسة

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أمريكا

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CEP deems Treasury's economic goals demanding but achievable

من إعداد الذكاء الاصطناعي

Chile's Centro de Estudios Públicos (CEP) assessed Finance Minister Jorge Quiroz's three key goals for the José Antonio Kast administration: 4% growth, 6% unemployment, and fiscal balance by term's end. Researchers Rodrigo Vergara and Jorge Rodríguez call them ambitious yet feasible, citing past achievements.

Government announces fiscal surplus in February for second month

The Argentine government announced a fiscal surplus in February, marking two consecutive months of positive balance. Economy Minister Luis Caputo released the public sector data and highlighted spending reductions.

Energy, education and health lead budget execution through March

من إعداد الذكاء الاصطناعي

Colombia's Ministry of Finance reported 20% execution of the General National Budget by the end of the first quarter of 2026. The ministries of Energy and Mines, Education, and Health showed the highest progress after debt service. Obligations reached $109.5 trillion and commitments $187.3 trillion.

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