Chile Finance Minister Nicolas Grau Vows Limited Spending Increase in 2026 Budget

Chile's Finance Minister Nicolas Grau has announced that the government will limit spending increases in the 2026 budget, despite the upcoming presidential election in November. The minister stated that the government will maintain a tight fiscal policy, with expenditure growth to be lower than in previous years. This decision reflects the government's commitment to fiscal responsibility and prudent economic management, even in the face of the upcoming election. The minister emphasized the importance of maintaining financial stability and avoiding excessive spending that could jeopardize the country's economic progress. The announcement is likely to be viewed as a signal of the government's dedication to fiscal discipline and its willingness to make tough decisions, even if they may not be politically popular in the short term. The limited spending increase is expected to help Chile maintain its economic trajectory and continue its efforts to address any challenges it may face in the coming years.