VOICED : Chile recorta presupuesto de 2016 por caida de precio del cobre

Chile announced a $540 million fiscal adjustment, equivalent to 1% of the 2016 national budget, due to a significant drop in global copper prices and a challenging global economic environment. Despite these challenges, the government is committed to maintaining social programs by seeking spending efficiencies and postponing non-essential expenses. The budget was initially based on a copper price of $2.98 per pound, which has been revised to $2.57 due to China's economic slowdown, the largest global copper consumer.

What percentage of the national budget does the fiscal adjustment announced by Chile represent?

• 0.5%

• 1.5%

• 1%

• 2%

What is one of the main reasons for Chile's reduced income, as mentioned in the announcement?

• Increase in unemployment rates

• Rise in national debt

• Decrease in global copper prices

• Increase in global oil prices

How does the Chilean government plan to handle social programs amidst economic challenges?

• By eliminating some programs

• By increasing their funding

• By maintaining their current level

• By reducing their funding

What was the initial projected international copper price per pound in the budget?

• 3.00 dollars

• 2.57 dollars

• 2.98 dollars

• 2.50 dollars

Which country's economic slowdown influenced the revision of the copper price projection?

• United States

• Brazil

• India

• China