Chile's Congress Nears Passage of President José Antonio Kast's Economic Bill

Chile’s Congress is expected to send President José Antonio Kast’s broad economic bill as soon as this week after approving its core provisions, including a series of tax cuts aimed at preventing a recession. Bloomberg posted on X, saying the legislation has advanced after lawmakers backed the main measures in the proposal. The bill is intended to support the economy through tax reductions as Chile seeks to avoid a downturn.