RIO DE JANEIRO, BRAZIL - Chile ended 2021 with a budget deficit of 7.6% of estimated gross domestic product (GDP), exceeding even the 2020 mark, when the pandemic caused a 7.1% overspend, according to the Budget Directorate (Dipres) of the Ministry of Finance.
In absolute terms, this is a negative balance of more than US$23 billion, a figure not as high as the one the government had projected last quarter, more than US$24.3 billion - 8.3% of GDP, Finance Minister Rodrigo Cerda said.
"7.6% is an important figure, but it is similar to other countries . . .
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