Chile's government is proposing a 2.7% annual increase in its 2025 budget, President Gabriel Boric said on national TV on Sunday, saying the government will boost pensions and focus on increasing national security.

Chile President Gabriel Boric unveiled the 2025 budget proposal with a 2.7% increase in spending and a strong focus on fighting crime, a topic that represents voters’ top concern heading into an election year.

Chile's government is proposing a 2.7% increase in its 2025 budget, focusing on national security, pensions, health, education, and culture. The budget includes a $1.5 billion increase for justice and security,