June 2017: To compensate for the rising costs of education, health and pensions, cuts or minimum increases have marked the nation’s budget.
Faced with an increase of 4.1% in 2016, this year public spending only increased by 2.7%. The austerity has hit the National Geology and Mining Service (Sernageomin), which received only 1% more (CLP27.841M), and whose budget for the National Geology Plan was reduced by CLP129M for a final budget of CLP4,368.
In spite of this, Sernageomin maintains its focus on the geological characterization of the territory to later apply in tasks of exploration.
“We have our eyes and focus set on promoting mining exploration, and innovation of exploration techniques…” said the national director of geology, Omar Cortés, in an interview with CER. (Read more)