Minister Mario Marcel Responds to the Report of the Autonomous Fiscal Council: “The Tone Is Unusually Harsh”

On Tuesday, the Autonomous Fiscal Council (CFA) presented its semi-annual report to the Joint Special Committee on Budgets. In this report, it alerted the country’s situation of prolonged fiscal stress and “leads us to a turning point.” He also mentioned that current fiscal conditions “make it necessary to mark a substantive change in the conduct of public finances, in the sense of achieving a greater capacity for effective adjustment of spendin…

After the public controversy between the Ministry of Finance and the Autonomous Fiscal Council (CFA), Senator Juan Antonio Coloma (UDI), came out in defense of the autonomous body. "The report of the CFA fully fulfills the mandate of the law, which imposes on it the obligation to issue a well-founded opinion regarding corrective actions," he said. He added: "The report presented by the Council is fully part of this attribution, since the observa…

The Minister of Finance, Mario Marcel, sent an office to Congress in response to the Quarterly Report published last Tuesday by the Autonomous Fiscal Council (CFA), in which a prolonged "fiscal stress" is proposed and a "unrealistic" scenario is addressed regarding the projection of revenues. The CFA announced in the document that, "of [...] La entrada Marcel criticizes report and role of the Autonomous Fiscal Council was first published in INFO…

The holder of the Treasury portfolio sent a 13-page office to the president of the Special Joint Budget Commission, Ximena Rincón, in which she responded in an unprecedented way to the report published by the CFA, which speaks of a “permanent fiscal stress”.

On Tuesday, May 13, the Autonomous Fiscal Council (CFA) presented its semi-annual report to the Congress’ Special Joint Committee on Budgets. “The country faces a situation of prolonged fiscal stress, which leads us to a turning point, not only because in 15 of the last 17 years structural deficits have been recorded, but also because there are difficulties in implementing measures to adjust public spending or increase structural revenues, which…