Chile Asks Congress for US$25 Billion Debt Ceiling
Chile's 2027 budget bill asks Congress to let the government borrow up to US$25 billion, more than this year's US$23.6 billion ceiling. The post Chile Asks Congress for US$25 Billion Debt Ceiling appeared first on The Rio Times .
The Chilean government has submitted a budget bill to Congress that authorizes a debt ceiling of US$25 billion for 2027. This is higher than the current limit of US$23.6 billion and significantly more than the US$17.4 billion under the previous administration. Finance Minister Jorge Quiroz explained that the increase is due to earlier debt repayments, covering the deficit, and other spending needs.
Economists noted that the amount is substantial and mainly serves as refinancing for bonds maturing in 2027, along with meeting the deficit and other financing requirements. The bill also permits the state to guarantee loans and bonds for state companies and universities, up to US$500 million.
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