Chile Forum
Chile Forum in English for Gringos, Expatriates, and Travelers to Exchange Ideas and Information about Chile, South America
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- dsmess
- Rank: Chile Forum Tourist
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- Joined: Thu Jul 17, 2008 4:02 pm
- Location: Shaw Island, Washington
Re: What is the Chilean National Debt?
by otravers » Wed Oct 22, 2008 9:18 pm
As I was posting in another thread today, Chile is a net creditor since 2006, right now to the tune of $15B:
http://www.bcentral.cl/eng/economic-sta ... dex_fs.htm
The general government has a residual $2.8B in liabilities while they built up almost $26B in assets in four years. The monetary authorities have $20B of assets and almost no liabilities.
Overall, Chile has used the windfall from high copper prices to build up a very strong fiscal position *and* they have a primary budget surplus.
http://www.rgemonitor.com/economonitor- ... y_in_chile
If inflation can be kept under control in the months to come (the fact oil dropped by more than 50% should help) I hope some of that money is going to be re-injected back into better education and more police.
http://www.bcentral.cl/eng/economic-sta ... dex_fs.htm
The general government has a residual $2.8B in liabilities while they built up almost $26B in assets in four years. The monetary authorities have $20B of assets and almost no liabilities.
Overall, Chile has used the windfall from high copper prices to build up a very strong fiscal position *and* they have a primary budget surplus.
http://www.rgemonitor.com/economonitor- ... y_in_chile
If inflation can be kept under control in the months to come (the fact oil dropped by more than 50% should help) I hope some of that money is going to be re-injected back into better education and more police.
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otravers - Rank: Chile Forum Citizen
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- Joined: Wed Jun 20, 2007 9:48 am
- Location: Concón, Region V
Re: What is the Chilean National Debt?
by admin » Thu Oct 23, 2008 1:06 am
One way Chile has stayed out of the red is by selling most major public works as private concessions. So, for example Chile does not have to foot the bill for those nice highways, and they can focus public funds on more rural areas. Electric grid works in a similar manner. Companies handle the higher population areas, and the government provides things like the rural electrification project.
Local elections are coming up, and it looks like the bums in office are going to be kicked out. It is normally taken as a fairly good sign of how the presidential election will go. I do think they need to get off their rear and spend some of that public money on things like education, energy research, universities, and so on.
Local elections are coming up, and it looks like the bums in office are going to be kicked out. It is normally taken as a fairly good sign of how the presidential election will go. I do think they need to get off their rear and spend some of that public money on things like education, energy research, universities, and so on.
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For more information visit: http://www.spencerglobal.com
From USA and outside Chile dial 1-917-470-9653, in Chile dial (56) 65 42 1024 or a cell 747 97974.
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admin - Site Admin
- Posts: 9136
- Joined: Sat Aug 26, 2006 11:02 pm
- Location: Frutillar, Chile
Re: What is the Chilean National Debt?
by MikieO » Fri Jan 02, 2009 4:19 am
here's an interesting article from one of my favourite economics sites, looks like the private sector is most vulnerable.
Latin America and the Caribbean is better prepared to face the crisis but is not immune
http://www.rgemonitor.com/emergingmarke ... not_immune
bring a magnifying glass to the monitor!
Latin America and the Caribbean is better prepared to face the crisis but is not immune
http://www.rgemonitor.com/emergingmarke ... not_immune
bring a magnifying glass to the monitor!
“Now, a lifetime of experience has left me bitter and cynical.” ~ Calvin & Hobbes
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MikieO - Rank: Chile Forum Citizen
- Posts: 1272
- Joined: Sun May 13, 2007 2:41 pm
- Location: USA
Re: What is the Chilean National Debt?
by Chuck J 3.0 » Sun Jan 04, 2009 3:26 am
I dunno what the Chilean debt level is but the Correo is up on me 900 USD from when they stole my guitar. So they're 900 to the good as far I'm concerned.
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Chuck J 3.0 - Rank: Chile Forum Citizen
- Posts: 853
- Joined: Sat Jan 13, 2007 8:04 pm
- Location: Portland, Oregon
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