Chile's Senate approved a bill on Tuesday authorizing the Executive to incur up to US$6.200 million in additional debt during 2026. The initiative passed with 28 votes in favor, 15 against and one abstention.
The measure raises the central government's debt limit beyond the US$17.400 million already authorized in the Budget Law for this year. Finance Minister Jorge Quiroz explained that the request responds to the updated fiscal scenario and greater financing needs to meet already committed obligations.
Quiroz stated that “it is a sign of responsibility to be able to finance a budget that was approved last year, which had incomplete financing”. He added that the project is part of a coherent fiscal strategy that combines responsible management of public accounts with the recovery of the State's solidity.
The Executive submitted the initiative with sum urgency and the dispatch deadline was July 8. Following its approval in the Senate, the bill is ready for promulgation as law.
