Chile: Conservative Pinera sworn in for second term as president

Elias Hubbard
March 13, 2018

China was confirmed to have inaugurated Sebastian Pinera as its president for his second term in office.

Chile's Congress this year authorized an increase in public spending of 3.9 percent, which Pinera had previously criticized as "high".

Former President Michelle Bachelet, who was the president of Chile from 2014 to 2018, had began a tax reform which sought to raise taxes on the rich in order to finance other reforms.

"From day one, Pinera is going to want to show that under him, the wheels of the economy will start to spin again", said Cristobal Bellolio, a professor of government at the Adolfo Ibanes University.

Pinera is scheduled to deliver a speech later on Sunday. He left office with favorability ratings in the 30s.

During his campaign, Pinera, who also governed from 2010 to 2014, said he hoped to guide the country to fiscal equilibrium within six to eight years.

"We have to see effectively if the right, for the first time in history, has the capacity to work as a team", said political analyst Miguel Zlosilo. Presidents Lenin Moreno, from Ecuador, Mauricio Macri, from Argentina, Pedro Pablo Kuczynski, from Peru, Michel Temer, from Brazil, and Juan Orlando Hernandez, from Honduras, are among the figures attending the ceremony.

Other reports by Click Lancashire

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