SANTIAGO—Chilean President Sebastian Pinera unveiled an $82.1 billion draft budget for 2022 on Thursday, that he said would begin to tame a ballooning deficit in the world’s top copper producer following more than a year of emergency spending to combat the COVID-19 pandemic.
In a televised speech, the center-right president said the budget would reduce the structural deficit from 11.5 percent of gross domestic product in 2021 to 3.9 percent of GDP in 2022.
