Chile Government Budget

Chile recorded a Government Budget deficit equal to 0.70 percent of the countrys Gross Domestic Product in 2013. Government Budget in Chile is reported by the Ministry of Finance, Government of Chile. From 2000 until 2013, Chile Government Budget averaged 1.6 Percent of GDP reaching an all time high of 8.8 Percent of GDP in December of 2007 and a record low of -4.5 Percent of GDP in December of 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Chile Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.70 1.00 8.82 -4.50 0.78 | 2014/06 2000 - 2013 Percent of GDP Yearly

TO

Chile Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget Value 146624.80 2014-02-15 409280.90 1904267.40 -1631275.70 -143503.08 2014-03-31 CLP Million [+]
Government Spending 3973351.00 2013-11-15 3405819.00 3973351.00 1611013.00 3596797.56 2014-03-31 CLP Million [+]
Government Debt To GDP 12.20 2012-12-31 11.20 31.40 3.90 13.20 2013-12-31 Percent [+]
Credit Rating 76.83 [+]
Government Budget -0.70 2013-12-31 1.00 8.82 -4.50 0.78 2014-06-30 Percent of GDP [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Chile GDP Growth Slows to 2.7% YoY in Q4  
Chile's economy advanced 2.7 percent in the fourth quarter of 2013 compared with a year earlier, the slowest expansion in three-and-a-half years, hurt by a sharp fall in investment. For full 2013, the GDP grew at a lower 4.1 percent, down from 5.6 percent in 2012.
Bank of Chile Lowers Interest Rate to 4%  
Bank of Chile cut its benchmark interest rate by 25 bps to 4 percent on March 13th. The key rate stands now at its lowest level in three years.
Bank of Chile Cuts Rate by 25 bps  
At its February 18th, 2014 meeting, the Central Bank of Chile decided to lower the benchmark interest rate to 4.25 percent from 4.5 percent, as the economy continues to lose strength.
Bank of Chile Leaves Rate Unchanged in January  
At its January 16th, 2014 meeting, the Board of the Central Bank of Chile decided to leave the benchmark interest rate unchanged at 4.5 percent. The Board also said that in the coming months it might be necessary to increase the monetary stimulus.
Chile Monetary Policy Unchanged in December  
In its December 12th meeting, Chile's central bank left the monetary policy interest rate on hold at 4.5 percent, following two consecutive cuts. Yet, policymakers pointed that the economy is losing strenght.
Bank of Chile Cuts Interest Rate to 4.5%  
The Board of the Central Bank of Chile decided on November 19th to lower the monetary policy interest rate by 25 basis points to 4.5 percent. The Board cited a slowdown in domestic demand and low inflation.
Chilean Economy Expands 4.7% YoY in Q3  
In the third quarter of 2013, Chile’s GDP expanded 4.7 percent over a year earlier, up from a revised 4 percent in the previous quarter. The expansion was mainly boosted by mining and agriculture.
Bank of Chile Cuts Benchmark Interest Rate to 4.75%  
The Board of the Central Bank of Chile decided on October 17th to lower the monetary policy interest rate by 25 basis points, to 4.75 percent to stimulate easing economic growth. Central Bank of Chile cited gloomier global economic outlook, and decelerating domestic demand.
Bank of Chile Leaves Benchmark Interest Rate on Hold at 5%  
The Board of the Central Bank of Chile decided on September 12th to leave the monetary policy interest rate unchanged at 5 percent, as the inflation rate remains within the tolerance range.
Chilean Monetary Policy Unchanged in August  
On August 13th, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5 percent, citing dynamic consumption, but a rate cut could be on the horizon in the months ahead.
MORE RELATED NEWS

LATEST NEWS

Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News