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Treasury raises tax revenue projection driven by higher copper and lithium prices
CL🏛️ PoliticsCenter5 hr. ago

Treasury raises tax revenue projection driven by higher copper and lithium prices

Chile’s Ministry of Finance has raised its projected tax revenue for 2026, primarily due to higher expected prices for copper and lithium. The updated forecast, published by the Directorate of Budgets (Dipres), estimates total effective revenues at $79.691.672 million, representing 21.9% of GDP and a 6.0% real growth compared to 2025. This increase reflects adjustments based on updated macroeconomic scenarios, available data up to May 2026—including the 'Operation Income 2026'—and revised assumptions. Revenue increases are mainly driven by higher mining taxes, including private mining ($236.011 million) and state-owned Codelco ($621.108 million), as well as increased property rents from lithium ($272.767 million). However, other areas such as income tax from non-mining contributors decreased by $479.965 million, while value-added tax projections were reduced due to lower domestic demand expectations.

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La Tercera logoLa TerceraIndependent🔒Center5 hr. ago
Treasury raises tax revenue projection driven by higher copper and lithium prices

Chile’s Ministry of Finance has raised its projected tax revenue for 2026, primarily due to higher expected prices for copper and lithium. The updated forecast, published by the Directorate of Budgets (Dipres), estimates total effective revenues at $79.691.672 million, representing 21.9% of GDP and a 6.0% real growth compared to 2025. This increase reflects adjustments based on updated macroeconomic scenarios, available data up to May 2026—including the 'Operation Income 2026'—and revised assumptions. Revenue increases are mainly driven by higher mining taxes, including private mining ($236.011 million) and state-owned Codelco ($621.108 million), as well as increased property rents from lithium ($272.767 million). However, other areas such as income tax from non-mining contributors decreased by $479.965 million, while value-added tax projections were reduced due to lower domestic demand expectations.

Bias read (Center): The article presents factual updates on Chile’s fiscal projections without overtly favoring any political side. It provides numerical data and explanations for changes in revenue forecasts, citing economic factors like copper and lithium prices. There is no evident ideological framing or selective o

CIPER Chile logoCIPER ChileIndependentCenter21 hr. ago
Government defends Quiroz and megarreforma is voted this Wednesday; Mineduc suspends classes due to strong weather, and ex-manager of Codelco says he was pressured by Máximo Pacheco to adulterate production reports

The Chilean government is defending Minister of Education Gabriel Quiroz ahead of a vote on a major education reform scheduled for Wednesday. The Ministry of Education has suspended classes in central and southern regions due to severe weather conditions expected to impact those areas. Additionally, a former manager of Codelco, the state-owned copper mining company, claims he was pressured by former minister Máximo Pacheco to falsify production reports. Other notable developments include the migration authority requesting the Civil Registry to review the nationality status of 24 children whose Russian parents were classified as 'transient foreigners.'

Bias read (Center): The article presents multiple political topics without overtly favoring any side. It includes statements from the government, mentions of a controversial figure (Quiroz), and allegations against a former official (Pacheco). The framing appears balanced, presenting facts without clear ideological slm

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