Chile
Ley Orgánica de Administración Financiera del Estado (DL 1.263/1975) y Ley Orgánica Contraloría (Ley 10.336)
DL 1.263/1975 LOAFE; Ley 10.336 CGR; Ley 20.128/2006 RF; Ley 19.886/2003; Ley 20.285/2008; Ley 21.148/2019 CFA; Const. Arts. 67-68, 98-100
Chile's fiscal transparency framework is the strongest in Latin America and among the best globally (CPI 2025: 63/100, rank 31). Built on LOAFE (DL 1.263/1975), the constitutionally autonomous Contraloría (Const. Arts. 98-100 — toma de razón ex-ante audit), the Fiscal Responsibility Law (Ley 20.128/2006, structural balance rule + FRP/FEES actuarial disclosure), ChileCompra (Ley 19.886/2003), and Transparencia Activa (Ley 20.285/2008). The Consejo Fiscal Autónomo (CFA, Ley 21.148/2019) is Chile's independent fiscal council. DIPRES publishes monthly budget execution in machine-readable format (presupuestoabierto.gob.cl). OBS 2023 T=60 (just below the 61-point adequacy threshold), primarily due to a temporary Contraloría Audit Report production gap during the assessment period.
Transparency Requirements
Budget Publicationmax 12 pts
| Budget publication required | ✓ Yes |
|---|---|
| Budget published online | ✓ Yes |
| Budget publication timeline | 92 days before fiscal year |
| Machine-readable budget format | ✓ Yes |
| Draft budget required before adoption | ✓ Yes |
Expenditure Disclosuremax 12 pts
| Expenditure disclosure required | ✓ Yes |
|---|---|
| Expenditure granularity | transaction |
| Public expenditure portal required | ✓ Yes |
| Expenditure reporting frequency | monthly |
Independent Auditmax 12 pts
| Audit required | ✓ Yes |
|---|---|
| Auditor independent of entity | ✓ Yes |
| Auditor selection method | appointed independent |
| Audit frequency | annual |
| Audit reports public | ✓ Yes |
| Audit scope | financial performance |
Contract & Procurementmax 10 pts
| Public bidding required | ✓ Yes |
|---|---|
| Contract publication required | ✓ Yes |
| Bid award disclosure | ✓ Yes |
| Beneficial ownership disclosure | ✓ Yes |
Debt & Liability Disclosuremax 10 pts
| Debt disclosure required | ✓ Yes |
|---|---|
| Pension liability disclosure | ✓ Yes |
| Contingent liability disclosure | ✓ Yes |
| Voter approval required for new debt | No |
Fiscal Reporting Frequencymax 10 pts
| Interim reporting required | ✓ Yes |
|---|---|
| Interim reporting frequency | monthly |
| Year-end report deadline | — |
| Citizens budget required | No |
Enforcement & Oversightmax 10 pts
| Non-compliance penalties | ✓ Yes |
|---|---|
| Fiscal oversight body | ✓ Yes |
| Whistleblower protections | ✓ Yes |
| Legislative budget office | No |
Revenue & Tax Transparencymax 8 pts
| Tax expenditure reporting | ✓ Yes |
|---|---|
| Revenue forecasting required | ✓ Yes |
| Tax rate publication | ✓ Yes |
| Fee schedule publication | ✓ Yes |
Compensation & Payrollmax 8 pts
| Salary disclosure required | No |
|---|---|
| Salary disclosure scope | — |
| Pension benefit disclosure | No |
| Overtime reporting | No |
Capital & Asset Disclosuremax 8 pts
| Capital plan required | ✓ Yes |
|---|---|
| Asset inventory required | No |
| Surplus asset disposal transparency | No |