Kast's Economic Plan Faces Criticism Amid Global Growth Concerns
President José Antonio Kast unveiled an ambitious economic plan aimed at revitalizing the economy and reducing state size. However, analysts, including former finance ministers, have raised concerns over inconsistencies and potential political ramifications, particularly regarding tax cuts without fiscal compensation.
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José Antonio Kast announced a major legislative initiative to reactivate the economy and streamline government. Analysts from the IMF have downgraded global growth projections, warning of recession risks if Middle Eastern conflicts escalate.
Former finance ministers Manuel Marfán and Felipe Larraín criticized Kast's plan, highlighting inconsistencies and a lack of political logic in proposed tax cuts. They argue that reducing taxes without addressing fiscal impacts could undermine the plan's credibility.
Additionally, tensions are rising between Codelco's CEO Máximo Pacheco and Mining Minister Daniel Mas, with public disputes potentially harming Chile's mining reputation. Antofagasta Minerals is exploring investment opportunities in Argentina's copper market, signaling a regional shift in focus.
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