Tuesday, May 22, 2007

Chile plan for surplus fiscally sound, official says

(Reuters) - At the same time, she announced a proposal to raise the
amount national pension funds can invest abroad to 45 percent
of the total from a current 30 percent.




"This government is absolutely committed to price
stability...a lower structural surplus is completely compatible
with long-term fiscal sustainability, it's totally compatible
with macro stability in the short-term and it allows us to
invest in education," Velasco told journalists.


Read more at Reuters.com Bonds News

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