SEPT. 30, 2022

Economic, citizen and social security: Get to know the details of the main points of the 2023 Budget presented by President Gabriel Boric

The bill seeks to directly resolve the main issues that are affecting people. 

Chile’s President, Gabriel Boric, unveiled the main points of the 2023 Budget on the national media networks. They will be focused on three main areas: economic, citizen and social security. 

The President explained that the budget bill for the following year seeks to solve people’s problems in a concrete manner. Public spending will therefore be increased by 4.2%. In terms of reactivation, investment will also be increased to improve the country’s public infrastructure, without generating more inflation, in order to create more than 200,000 new jobs. 

“I have listened and I am aware of the difficult situation facing our country and the world. In this way, we are working to expand social policies and strengthen the presence of the State for all those who need it. Today, with this new budget, we are prioritizing spending based on your needs, which in turn are the priorities of our government to improve people’s lives,” the President stated. 

Budget details 

ECONOMIC SECURITY: economic reactivation and job creation 

▶ Infrastructure for Development Program.

▶ Housing Emergency Plan for housing subsidies and construction.  

▶ Good Living Program.

▶ Urban and neighborhood improvement (PMU and PMB).

▶ Infrastructure in Public Education Plan to improve educational establishments. 

▶ Investment in primary healthcare; 18 new Family Health Center (CESFAM) projects. 

▶ Santiago 2023: Investment in sports infrastructure. 

▶ Job recovery: continuity to Labor IFE and Protect subsidies. 

▶ New residences and support centers for the elderly. 

▶ Resources for studies for the Santiago-Valparaíso train.

▶ Funds to expedite private investment transactions. 

▶ Credits for MSMEs in non-banking financial institutions. 

▶ New “Sustainable Productive Development” program. 

CITIZEN SECURITY: more police, recovery of public space and fight against drug trafficking and organized crime 

▶ National Plan Against Organized Crime.

▶ More resources for Carabineros (Uniformed Police Service) and PDI (Investigative Police Service). 

▶ Acquisition of more than 1,000 new police vehicles. 

▶ Expand recruitment drive and admission to Carabineros School. 

▶ Implementation of Automated Biometric Identification System. 

▶ Resources for municipal investment in public security. 

▶ Attention, Protection and Comprehensive Reparation for Violence against Women. 

▶ Implementation of the Telematic Monitoring Law. 

▶ Technological equipment against corruption and criminal gangs inside prisons. 

SOCIAL SECURITY: social spending for pensions, health, education and childhood 

▶ Expansion of the Universal Guaranteed Pension (PGU) to reach around 2.2 million people. 

▶ Extension of the Protected Basic Food Basket Bonus. 

▶ More resources to increase the Higher Education Food Scholarship (BAES).

▶ More resources for the Guaranteed Minimum Income. 

▶ More resources for free higher education and other higher education scholarships. 

▶ Increased investment to deal with waiting lists for surgeries and to provide timely care. 

▶ Implementation of the Universal Primary Healthcare pilot plan. 

▶ More resources for the protection of the rights of children and adolescents. 

To find out more details, you can visit the website www.presupuesto2023.cl