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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Chile should consider tapping sovereign funds in 2017 -finance minister

Posted on 12 July 2016

Chile’s 2017 budget talks should consider whether the country will tap into its sovereign wealth funds, finance minister Rodrigo Valdes told lawmakers on Monday.
Valdes said use of the funds may be needed at a time when the fiscal deficit is rising, as income from mining investment shrinks. It is expected to rise to 3.2 percent of estimated gross domestic product this year from 2.2 percent last year, he said. He is awaiting a report from an advisory committee before further advancing in the discussion of whether to tap the funds, he added………………………………………..Full Article: Source


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