Former ministers discussing reconstruction project amid fiscal concerns.
Former ministers discussing reconstruction project amid fiscal concerns.
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Ex-officials and CFA urge government to agree on reconstruction project after fiscal alert

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The Autonomous Fiscal Council warned that the reconstruction project creates deficits until 2031. Former ministers like Mario Marcel and José de Gregorio called for a broad agreement to reduce uncertainty.

The Senate Finance Commission received a new report from the Autonomous Fiscal Council on Monday. Paula Benavides, CFA president, stated that the fiscal deficit from the project's measures would persist at least until 2031. Benavides recommended an agreement containing measures to close the current deficit and keep debt below its prudent level. Mario Marcel, former finance minister, warned that approval by a narrow margin would not clear tax uncertainty. José de Gregorio, former Central Bank president, valued the corporate tax cut but flagged fiscal risk. Opposition senators such as Paulina Vodanovic proposed a technical table similar to the one for the pension reform.

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Discussions on X focus on the CFA's warnings of fiscal deficits from the reconstruction project until 2031, urging fiscal caution and broad agreements. Economists and media outlets express skepticism about long-term risks and call for technical reviews, while the official CFA account details its Senate presentation on deficits and uncertainties.

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Illustration of Congress approving the national reconstruction bill with tax reforms.
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Congress approves National Reconstruction Megareform

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The National Reconstruction project concluded its legislative process this week, incorporating corporate tax cuts, reintegration and a tax invariability clause.

Chile's Consejo Fiscal Autónomo (CFA) issued a critical report on President José Antonio Kast's megarreforma, warning of persistent fiscal deficits and nine direct risks to public finances. President Paula Benavides stressed that the impact hinges on realizing projected economic growth. The government said it will review the report.

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The Senate Finance Commission approved the Reconstruction bill yesterday by three votes to two. The initiative advanced with only officialist support.

The finance commission approved the core of president josé antonio kast’s reconstruction megaproject on thursday after 15 hours of debate. The progress leaves divisions in the christian democrats between deputies and senators, while the opposition plans to obstruct the process.

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Finance Minister Jorge Quiroz tempered statements by his colleague José García Ruminot on possible adjustments to the National Reconstruction Plan, amid internal tensions in the ruling coalition.

Deputies Raúl Soto of the PPD and Daniela Serrano of the PC are analyzing a challenge before the Constitutional Tribunal against the National Reconstruction project pushed by José Antonio Kast's government.

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The Autonomous Fiscal Council warned Tuesday about the effects of the additional borrowing project for US$6.200 million. Gross debt would reach up to 43.6% of GDP in 2026.

 

 

 

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