Finance Minister Jorge Quiroz accusing inconsistency in public debt projections during a press conference.
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Quiroz accuses us$10 billion inconsistency in public debt projection

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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.

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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.

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