Chile Suspends 2030 Structural Budget Balance Target Amid Economic Slowdown

Chile’s Finance Ministry abandoned its target of balancing the structural budget by 2030 on Tuesday. The decision comes as the administration works to restore government finances during an economic slowdown. The structural budget balance goal had been set for 2030.

Officials cited the need to address current fiscal shortfalls rather than maintain the prior timeline. The move reflects immediate revenue challenges facing the government. No new deadline for achieving structural balance was announced in the Tuesday statement.