Fondo de Compensación del Cobre
E616460
Fondo de Compensación del Cobre was a Chilean sovereign stabilization fund that managed copper export revenues to cushion the national budget against fluctuations in global copper prices.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
public financial fund
ⓘ
sovereign stabilization fund ⓘ |
| aimedAt |
reducing procyclicality of public spending
ⓘ
supporting long-term fiscal sustainability ⓘ |
| associatedWith |
copper industry in Chile
ⓘ
export revenues from copper ⓘ |
| beneficiary |
Chilean national budget
ⓘ
Chilean public finances ⓘ Government of Chile NERFINISHED ⓘ |
| benefits |
greater predictability of government revenues
ⓘ
protection of public expenditure from commodity price shocks ⓘ |
| category |
commodity stabilization fund
ⓘ
sovereign fund ⓘ |
| commodityLinkedTo | copper ⓘ |
| country | Chile ⓘ |
| currency | Chilean peso NERFINISHED ⓘ |
| economicFunction |
macroeconomic stabilization
ⓘ
smoothing of fiscal revenues ⓘ |
| fundingSource |
copper export revenues
ⓘ
taxes and royalties from copper production ⓘ |
| governedBy | Chilean public finance law ⓘ |
| hasDomain |
macroeconomic policy
ⓘ
natural resource revenue management ⓘ public finance ⓘ |
| isPartOf | Chile’s fiscal stabilization framework ⓘ |
| legalNature | public fund ⓘ |
| locatedIn |
Chile
ⓘ
Santiago, Chile NERFINISHED ⓘ |
| managedBy | Government of Chile NERFINISHED ⓘ |
| owner | State of Chile NERFINISHED ⓘ |
| policyInstrumentType |
countercyclical fiscal instrument
ⓘ
price stabilization mechanism ⓘ |
| purpose |
cushion the national budget against fluctuations in global copper prices
ⓘ
reduce volatility of public finances ⓘ stabilize fiscal revenues from copper exports ⓘ |
| relatedTo |
copper export policy of Chile
ⓘ
fiscal policy of Chile ⓘ sovereign wealth and stabilization funds of Chile ⓘ |
| resource | copper ⓘ |
| resourceType | mineral resource ⓘ |
| riskManaged |
commodity price risk
ⓘ
copper price volatility ⓘ |
| sector | public sector ⓘ |
| typeOfRevenue | non-renewable resource revenue ⓘ |
| usedFor |
financing budget shortfalls when copper prices were low
ⓘ
saving windfall revenues from high copper prices ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.