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Significance
As well as triggering heated debate about its merits as a means of mitigating the economic effects of COVID-19, the bill, presented by left-wing legislators, represents a key challenge to the flailing centre-right government, which opposes it.
Impacts
The pension bill’s more left-wing supporters explicitly see it as a key step towards dismantling the current pension system.
As the government attempts to reassert control over the public agenda and Congress, a major cabinet reshuffle is possible.
Renewed violent, albeit small, protests in Santiago despite the city’s lockdown underscore an ongoing risk to governability.
Keywords:
Chile,
LA/C,
economy,
politics,
social,
fiscal,
government,
legislation,
opposition,
pensions,
health,
poverty,
industry,
constitution,
finance,
private sector,
protest,
reform
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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