Economics
Copper Windfall Safe With Us, Chile's New Finance Minister Says
- Eyzaguirre pledges to retain fiscal discipline as copper soars
- Finance minister sees growth a little over 3 percent next year
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Chile’s government won’t spend the windfall from soaring copper prices in the budget to be announced this month, said new Finance Minister Nicolas Eyzaguirre as he pledged to stick to the country’s strict fiscal rules.
Even with copper at a three-year high and money pouring back into the coffers, the government will keep tight control over spending, narrowing the fiscal deficit, Eyzaguirre said after one week in the job.