VOICED : Chile recorta presupuesto de 2016 por caida de precio del cobre

Chile announced a $540 million fiscal adjustment, equivalent to 1% of the 2016 national budget, due to a significant drop in global copper prices and a challenging global economic environment. Despite these challenges, the government is committed to maintaining social programs by seeking spending efficiencies and postponing non-essential expenses. The budget was initially based on a copper price of $2.98 per pound, which has been revised to $2.57 due to China's economic slowdown, the largest global copper consumer.

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