Chilean Congress Approves Kast Economic Reform Package

The final approval follows a decisive vote in the lower house on July 21, which cleared the path for the administration's flagship policy to cross the finish line. By reducing corporate tax rates and providing targeted incentives, the government intends to stimulate domestic growth and attract fresh capital into the nation's critical industrial sectors. This overhaul represents the centerpiece of the president's governing agenda, signaling a sharp pivot toward market-oriented fiscal policies aimed at reversing recent economic stagnation.