Jan 11 (Reuters) - Chile’s presidential election run-off on Sunday pits conservative billionaire Sebastian Pinera against former President Eduardo Frei of the center-left coalition that has run the country for the last two decades.
Both men are seen keeping the prudent fiscal policies that have helped Chile establish itself as Latin America’s most stable economy and weather the global financial crisis. But Pinera wants the private sector to take more leadership in stimulating the economy, while Frei emphasizes the state’s role.
Following is a list of their main policies:
* Let private pension funds take up to a combined 20 percent stake in state copper giant Codelco, or list the stake on the stock exchange.
* Maintain relaxed structural fiscal surplus rule at zero percent.
* Pinera has promised to spur economic growth of 6 percent per year and create 1 million jobs through 2014.
* Give tax and hiring incentives to private sector, particularly small- and mid-sized companies, to fuel job creation and spur growth rather than rely on the state.
* Revamp management of state sector giants like Codelco and state-run oil company ENAP.
* Consider merging regulators of the stock market and banks.
* Tap billions of dollars in sovereign wealth fund savings and consider issuing debt.
* Foster investment in alternative energy sources and mining exploration.
* Offer tax incentives for private miners to develop new technology and expand research.
* Introduce legal rights for same sex couples but oppose gay marriage.
* Continue President Michelle Bachelet’s welfare programs and expand them to include the middle class.
* Introduce labor reforms that would create more unions to include millions of workers who do not benefit from collective wage negotiations.
* Introduce tax changes that aim to collect an additional $1.5 billion to $1.7 billion in tax revenues. The changes would seek to double revenues stemming from a mining royalty that currently stands at 5 percent, and tax companies that exploit other natural resources.
* Gradually reduce pensioners’ public health system contributions from 7 percent.
* Study alternative energy sources, including nuclear power.
* Invest heavily in human capital, education and culture.
* Make private health providers and pension funds give details on earnings and dividend payments.
* Review a water concession law pitting farming communities against mining companies in the mineral-rich Atacama desert.
* Consider legal rights for same-sex couples and open debate on abortion.
* Overturn a 1978 amnesty law that enables officials from the former dictatorship of General Augusto Pinochet to avoid prosecution for human rights crimes such as murder and torture. (Reporting by Santiago Newsroom; editing by Mohammad Zargham)