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Fiscal policy and social protection in Chile

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  • Guzmán Cox, Julio
  • Arenas de Mesa, Alberto

Abstract

Stable development and financing of the social protection system, one of the priorities of fiscal policy in Chile over recent years, has helped to reduce poverty and indigence, particularly since the 1990s. The fiscal accounts have been managed prudently, and budgetary balance and efficient administration have been given priority over short-term objectives. Even so, poverty is still a fact of life and the poor are still vulnerable to drastic falls in income. This means that an effort is still required to modernize fiscal policy and develop new institutional arrangements for the social protection system. This paper analyses the challenges involved and the relationship among the different roles played by fiscal policy in Chile over recent years.

Suggested Citation

  • Guzmán Cox, Julio & Arenas de Mesa, Alberto, 2003. "Fiscal policy and social protection in Chile," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    • Handle: RePEc:ecr:col070:10990
    Note: Includes bibliography
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    References listed on IDEAS

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    1. Hana Polackova, 1998. "Contingent Liabilities : A Threat to Fiscal Stability," World Bank Publications - Reports 11522, The World Bank Group.
    2. -, 2002. "Preliminary Overview of the Economies of Latin America and the Caribbean 2002," Balance Preliminar de las Economías de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 958 edited by Eclac, March.
    3. Marcel, Mario, 2001. "Balance Estructural del Gobierno Central. Metodología y Estimaciones para Chile [Structural Bazlance of Central Government. Methodology and estimates for Chile]," MPRA Paper 43338, University Library of Munich, Germany.
    4. Arenas de Mesa, Alberto, 2000. "Cobertura previsional en Chile: lecciones y desafíos del sistema de pensiones administrado por el sector privado," Financiamiento para el Desarrollo 5083, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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