Business coalition proposes state cover costs for late supplier payments

Chilean business groups are advocating for significant economic reforms, with one prominent proposal suggesting the state should bear the financial burden when it fails to pay suppliers on time. This initiative comes from the Multigremial Nacional, a coalition representing various industries, as part of broader efforts to stimulate the national economy.

The proposal aims to address a critical issue impacting small and medium-sized enterprises (MiPymes) and other suppliers who often face cash flow problems due to delayed government payments. By having the state assume the cost of late payments, the Multigremial hopes to encourage more timely settlements and reduce the financial strain on businesses that provide goods and services to public entities.

This measure is seen as a key component in a larger strategy to restore economic dynamism and improve the employment landscape. The coalition believes that ensuring prompt payment to suppliers will not only support businesses but also foster greater confidence and investment within the Chilean economy, ultimately leading to job creation and sustained growth.