President José Antonio Kast announces Chile economic reform and tax plan in first address

On 2026-04-15, President José Antonio Kast announced a five-pillar economic reform and tax plan in his first national address, including lower taxes for high-income earners, a 12-month VAT exemption on new housing sales, and a reported annual fiscal spending cut of about USD 6 billion. The package was presented as a reconstruction and development plan aimed at boosting investment, employment, and structural fiscal balance.