Structural Balance Policy in Chile

Jorge C. Rodriguez, Carla R. Tokman and Alejandra C. Vega
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Jorge C. Rodriguez: Ministry of Finance, Chile
Carla R. Tokman: Ministry of Finance, Chile
Alejandra C. Vega: Ministry of Finance, Chile

OECD Journal on Budgeting, 2007, vol. 7, issue 2, 59-92

Abstract: Since 2001, Chile’s fiscal policy has been built on the concept of a central government structural balance. The Fiscal Responsibility Law, approved in 2006, gave legal force to key aspects of the structural surplus and fiscal policy. This article assesses the results of the structural surplus rule in Chile over the past six years.

Date: 2007
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