Chilean Finance Minister Mario Quiroz admitted that proposed tax incentives for reconstruction do not guarantee the creation of new jobs, according to a report by cooperativa.cl published on April 23, 2026.
The minister's comments were a response to criticisms leveled by Deputy Gael Yeomans of the Broad Front (FA). Yeomans argued that the tax credit intended for payroll payments does not ensure the generation of new positions.
"There is no guarantee that more people will be hired," Quiroz acknowledged, addressing the concerns regarding the effectiveness of the measure for job growth.
Quiroz clarified that the primary objective of the tax credit measure is to provide an incentive "to retain [jobs] and not to fire."
He emphasized that the proposed tax credit is an instrument that acts in two directions. Quiroz noted that the policy is specifically designed to apply to existing employment levels.
By focusing on the current workforce, the government aims to use the credit to stabilize the labor market during the reconstruction process, according to the report.
