Chile : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2023/037

IMF Staff Country Reports

Language:

English

Subjects (All):

Finance, Public.

Monetary policy--Chile.

Monetary policy.

Chile--Economic conditions--1988-.

Chile.

Chile--Foreign economic relations.

Physical Description:

1 online resource (44 pages)

Other Title:

Chile

Place of Publication:

Washington, D.C. : International Monetary Fund, 2023.

Summary:

This Selected Issues paper focuses on Chile’s tax reform scenarios in international perspective. While the economic and social outcomes achieved by Chile have been impressive, important social challenges lie ahead. This paper benchmarks the estimated revenue gains of the tax reform proposal and discusses different fiscal consolidation scenarios. The paper also presents the stylized facts of the tax system in Chile compared with The Organization for Economic Cooperation and Development (OECD) countries. Following a very brief overview of the tax reform proposal, the paper also presents a benchmark analysis of the estimated revenue yields against similar domestic revenue mobilization episodes in OECD countries. The authorities are firmly committed to their medium-term fiscal consolidation plan. The tax reform is needed to finance social spending and meet the authorities’ fiscal consolidation plan. It is also important to consider that the increase in taxes will have implications for growth, with the effect depending on the final composition of the tax and spending reforms.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9798400231681