Chile will increase public spending 2013

World Economic outlook - Chile will increase public spending 2013 : Chile will increase public spending by as much as 5 percent in real terms next year before curbing expenditure in 2014 to meet election pledges, Deputy Finance Minister Julio Dittborn said.

Spending increases will match economic growth of 4 percent to 5 percent in 2013, before falling behind similar expansion the year after, when this government’s four-year term ends, Dittborn said in an interview in Santiago.

Chile GDP growth Q1 2012

World Economic outlook - Chile GDP growth Q1 2012 : Chile's economy grew more slowly in the first quarter than in the prior three months as an expected slowdown took hold, the central bank said on Friday, reinforcing expectations the bank will keep its key interest rate steady in coming months.

The economy expanded a seasonally adjusted 1.4 percent in the first quarter of this year compared to a 2.0 percent expansion in the fourth quarter of 2011 versus the third.