ISSN: 2173-8254

Nº 27 December 2024

Law 21683, which promotes responsibility and transparency in the financial management of the state

Country: Chile

The purpose of this law is to promote responsibility and transparency in the financial management of the State, among which the regulation of the bases of the fiscal policy of the year, the "escape clause", new functions for the Budget Directorate (DIPRES) stand out. ), among which the responsibility for preparing financial reports and reinforcing the role of the Autonomous Fiscal Council stands out, granting it greater powers to evaluate and monitor compliance with fiscal rules and to formulate corrective measures in case of deviations.