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Five recommendations were made by the OECD to the Autonomous Fiscal Council of Chile, to promote and improve the work that this body must carry out in the country.
The analyzes point to the mandates and functions of independent tax organizations; monitoring of compliance with fiscal rules; analysis of the sustainability of public finances; macroeconomic projections and estimates of trend output; and the debt ceiling, limit or threshold.
The OECD economist, Paula Garda, detailed the central recommendations for the improvement of the work of the Autonomous Fiscal Council.
In the CFA they explained that several of the recommendations are already being applied and made known the presentation of the model and results of the analytical framework of fiscal sustainability for Chile.
The council’s Studies manager, Mario Arend, took charge of the above, proposing different scenarios and preliminarily estimating the public debt ceiling for the country.
The Minister of Finance, Ignacio Briones, highlighted the intervention of the OECD and the work of the CFA, ensuring that if it is necessary to inject more resources into the fulfillment of its work, that will be done.
All these statements, conclusions and analyzes were made known in a virtual seminar where the president of the Autonomous Fiscal Council of Chile, Jorge Desormeaux; the president of the Central Bank, Mario Marcel; and the director of the OECD Department of National Economic Studies, Álvaro Pereira.
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