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Published by: Blavatnik School of Government, University of Oxford
Originally published in: 2023
Version: 13 May 2022
Length: 33 pages
Data source: Field research
Notes: For terms & conditions go to www.thecasecentre.org/freecaseterms

Abstract

Over successive governments, Chile had built a strong reputation for fiscal discipline, secured partially through accrual-accounting practices. But recent social unrest and the COVID-19 pandemic had put pressure on the government to relax longstanding rules on spending restraint, notably the country's 'structural balance rule'. Finance Minister Ignacio Briones needed to determine how to finance a substantial new COVID-relief package while ensuring the country remained able to respond to future emergencies and without undermining the country's already weakening commitment to fiscal responsibility. Diving into this setting, the case study allows students to explore both the practice and the politics of government accounting and finance. This case has been made available free of charge.

Time period

The events covered by this case took place in May-20.

Geographical setting

Region:
Americas

Featured protagonist

  • Ignacio Briones (male), Minister of Finance

About

Abstract

Over successive governments, Chile had built a strong reputation for fiscal discipline, secured partially through accrual-accounting practices. But recent social unrest and the COVID-19 pandemic had put pressure on the government to relax longstanding rules on spending restraint, notably the country's 'structural balance rule'. Finance Minister Ignacio Briones needed to determine how to finance a substantial new COVID-relief package while ensuring the country remained able to respond to future emergencies and without undermining the country's already weakening commitment to fiscal responsibility. Diving into this setting, the case study allows students to explore both the practice and the politics of government accounting and finance. This case has been made available free of charge.

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Time period

The events covered by this case took place in May-20.

Geographical setting

Region:
Americas

Featured protagonist

  • Ignacio Briones (male), Minister of Finance

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