Florencia Vazquez, Marcelo Carvalho, Nader Nazmi, Gustavo Arruda - Market Economics
Daily Latam Spotlight | 23 Nov 2012 10:59 |
CHILE
The Chilean executive is facing more and more obstacles in the ongoing budget debate in Congress. Finance Minister Felipe Larrain expressed concern after the opposition introduced several changes it wants to make to the 2013 budget in the lower chamber of parliament. Specifically, it has rejected items in areas of education, health, labour and mining.
The minister also said President Sebastian Piñera could use his veto if the rejected items were not reintroduced in the senate. Discussions are now expected to continue in the senate, although the lower chamber will debate the bill again on 26November. The plan needs to be approved by 30 November.
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