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Montevideo, August 10th 2022 - 09:02 UTC

 

 

Chile government spending rate below the economy’s performance for second year running

Tuesday, January 8th 2013 - 06:58 UTC
Full article 8 comments

Government expenditure in Chile expanded an estimated 5% last year while the economy grew 5.5%, making it the second consecutive year in which the economy outperforms outlays. Read full article

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  • Condorito

    “The Chilean economy since the return of democracy in 1990 has become a model case for developing countries with sustained growth, balanced budgets, foreign trade surplus, attracting massive investments particularly in the mining sector and excellent macroeconomic indexes.”

    That's right, it's all good.

    Jan 08th, 2013 - 03:04 pm - Link - Report abuse 0
  • ProRG_American

    Yes, the people are very happy. Despite the protesting in the streets by outcasts due to lack of services and a few unrepresented Mapuche Natives taking the law into their own hads out of frustration.
    Nice try there mercopress.

    Jan 08th, 2013 - 06:26 pm - Link - Report abuse 0
  • ManRod

    ProRG, considering the Argentine case, where people go nuts with mass-assaults of stores like in Neuquen and other parts of the country, higher unemployment, higher poverty rates, worse education results and higher expenditures than income like dictated by Cristina, seems like spending more money doesn't really help the root cause, huh?

    Jan 08th, 2013 - 09:30 pm - Link - Report abuse 0
  • Condorito

    ManRod,
    ProArgie has never been to Chile and seems to think that we are still in the 1970s. For him/her part of being pro-Argie seems to include bitterness at our success.

    (S)he can’t ignore that in the last 20 years we have surpassed Argentina on every economic metric. We have also left them behind in terms of life expectancy (we are now above Denmark), quality of life, lower crime, infant mortality, better tertiary education, lower corruption. We have recently just edged past Argentina on the Human Development Index.

    Add to all that, that our military could crush them in 5 minutes it is no surprise that an envious person like proArgie would react that way, but it is still disappointing that such people can’t be happy for us and see that we are showing them the way forward. At least they still have football supremacy to cheer them.

    ProArgie,
    The educational reform protests stopped months ago when the government agreed to increase the education spend. The right to protest is important in a free society.

    As for:
    “Despite the protesting in the streets by outcasts due to lack of services”
    I have no idea what you are referring to.

    Jan 09th, 2013 - 05:04 pm - Link - Report abuse 0
  • Anglotino

    @4 Condorito

    Totally agree! Chile is also almost considered a developed country. Indeed it is exceeding even some of the developed countries in Southern Europe.

    Argentina, however is still a developing country and actually going backwards in some measures.

    It's funny but once it was Argentina that was equal to and compared to Australia. In the future it will be Chile that will be.

    Jan 10th, 2013 - 10:14 am - Link - Report abuse 0
  • ManRod

    Condorito: “At least they still have football supremacy to cheer them.”

    Not that it would be important, but seems even that bastion is falling appart, as seen 2 days ago in the sub20 south american championship in Argentina.

    How ironic, it was Argentina vs Chile played in the “Estadio Malvinas”.
    Result: Chile with 2 men less on the field scored and beat Argentina 1:0 @ their own home.

    http://www.youtube.com/watch?v=wx2ffBizpLQ

    Jan 13th, 2013 - 10:55 am - Link - Report abuse 0
  • Condorito

    ManRod:
    It seems I was tempting fate with that comment.
    I watched the match - seems we have some talent in the up coming generation. Problem is, that when they do well the farandula makes them think they are more than what they really are. Lets hope they continue on the right track.

    Jan 14th, 2013 - 01:29 pm - Link - Report abuse 0
  • ManRod

    indeed, they lose discipline and “se le suben los humos” too fast. This is a well known problem in our soccer players. Also the new ones seem a bit “overenthusiastic” in their game style, considering the red cards. Badddddd....

    Jan 14th, 2013 - 03:57 pm - Link - Report abuse 0

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