Economic policies face scrutiny in Chile and Argentina

In Chile, Biminister of Economy and Mining Daniel Mas defended the approval of the Reconstruction Law following a Constitutional Court resolution. Mas stated the law aims to address the effects of recent storms while stimulating economic reactivation. He emphasized that tax stability within the legislation is crucial for attracting long-term investments, particularly in the mining sector, which requires certainty for multi-decade projects. Mas expects the injection of reconstruction resources to generate between 120,000 and 150,000 new jobs.

In Argentina, opposition legislators from the Unión por la Patria (UxP) bloc have requested the interpellation of Economy Minister Luis Caputo regarding the use of funds from the Integrated Road System (Sisvial). The request follows statements from presidential spokesperson Adrián Ravier, who acknowledged that while some funds go to National Roadways, others are used by the Ministry of Economy to achieve fiscal balance. Legislators are calling for an immediate end to using specific allocation funds to bolster the fiscal surplus and are demanding the urgent reactivation of stalled roadworks across the country.