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Standard & Poor's Sa said Thursday that a favorable growth of Chile's gross domestic product is expected to boost government revenue and improve the fiscal balance this year, thus helping to stabilize the debt burden public.
maintained a "A + / A-1" rating for the country's foreign currency debt, with a stable outlook, as fiscal consolidation and the gradual recovery of economic momentum would help stabilize the country's public finances. world's largest producer of copper.
S & P said it expects Sebastián Piñera's government to continue its rule-based fiscal policy and take steps to stimulate long-term economic growth prospects.
This month, the government said it wants to reduce the deficit 1.8% of GDP in 2018, compared to 2.0% last year, with the aim of stabilizing the evolution of the debt and misas inherited from the previous administration.
The new fiscal target is part of a plan of austerity and reallocations aimed at limiting the increase in spending planned for this year.
Earlier on Thursday, Chile placed its debt in pesos for the equivalent of US $ 1,625 million on the international markets, in a structured two-tranche transaction that is settled by Euroclear , IFR said, a Thomson Reuters service.
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