| Public finances remain fairly healthy, key for President Michelle Bachelet's government, which is pressing forward with a reform drive despite the slowdown and does not want to renege on its promises to increase public spending. Chile's coffers include $14.8 billion (as of November) stashed away in a sovereign wealth fund.
So the government may be tapping that savings fund soon. "That's precisely the role of the sovereign wealth fund, you save during the good years to use in years like this one," said Alberto Ramos, co-head of Latin America economic research at Goldman Sachs...............................................Full Article: Source
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