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February 10, 2017

Chile’s forest fires will cost the government $333 million

The extreme forest fires in Chile are responsible for the death of 11 people and the destruction of about 1,500 homes. This will cost the government $333 million.  The government will reallocate $100 million from the current budget to mitigate the effects of the blazes, while another $233 million will be taken out of a rainy day fund that the government maintains for such situations, Reuters quoted Finance Minister Rodrigo Valdes.  "Those are the costs that the state will have to assume in the preliminary estimate that we're doing," Valdes said. "That situation can ...

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