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Free AccessFinance Ministry Ready to Boost Social Aid Ahead of Recovery
- Chile is preparing measures to boost productivity and stands ready to step up aid to the poor ahead of an economic recovery that won’t kick in before May of next year, the nation’s finance minister said in an interview. (BBG)
- * The government will unveil proposals to improve productivity in the next few weeks, Marcel said, without giving details, speaking on Friday while in Washington for the World Bank and International Monetary Fund annual meetings.
- * This week, the government will present changes to its mining royalty proposals, including reducing the sales tax component, making amendments to brackets in the tax on profit and introducing depreciation as a factor in the latter, he said.
- “We are going to create a proposal that will generate income that’s relatively similar, given the long-term copper price we are working with, and also taking into account the production and cost outlook in the industry,” Marcel said.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.