Chile Signals Tax Rise to Cope With Growing ‘Social Pressures’

Chile’s government will need to raise revenue to cope with growing “social pressures,” according to one of the nation’s top economic policy makers.

“In the future we think we will require more fiscal revenue,” Finance Minister Rodrigo Cerda, 48, who is leaving office shortly, said in a Bloomberg TV interview. He also said he expects inflation to slide in the second half of the year.

Rodrigo Cerda

Voracious demand has pushed Chile’s inflation to the highest since 2008 and set off aggressive interest rate hikes.

“We expect that for the second semester of this year we are going to see ...