April 27, 2018 / 3:27 PM / 3 months ago

UPDATE 1-Chile says $5.567 bln budget gap left by previous administration

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SANTIAGO, April 27 (Reuters) - Chile’s finance minister said on Friday the country’s fiscal picture was worse than previously believed after a $5.567 billion gap in government budgets covering the next four years was found to have been left behind by the previous administration.

“This is what we have found. This is a worse fiscal situation than we had imagined,” Felipe Larrain told reporters.

“These are un-financed additional spending commitments that have to be faced,” he said. (Reporting by Antonio de la Jara, writing by Hugh Bronstein Editing by Tom Brown)

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