Public finances
The government announced Thursday budget freeze measures to meet its 6 billion euro savings commitment, without providing all details.
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Economist and former Central Bank vice president Pablo García said the difference in the public debt projection is merely a matter of assumptions, not a calculation error. He stressed that the key issue is the ongoing fiscal stress in the Chilean economy.
The Economic Thinking Center of Anif has warned of the negative effects of the 23% minimum wage increase, which will generate an additional fiscal cost of 3.8 trillion pesos for the Government in 2026. Though celebrated by the administration, this measure will raise labor costs and could boost informality and inflation. The entity highlights impacts on public payroll, pensions, and tax revenue.
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Emmanuel Macron has selected Amélie de Montchalin, current minister for public action and accounts, to succeed Pierre Moscovici at the helm of the Cour des comptes. Her appointment is set to be formalized on Wednesday in the council of ministers, making her the first woman to lead this bicentennial institution. She will assume the role amid France's ongoing budgetary challenges.