Chile earthquake emergency effort not limited by finances, government says

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Chile’s government can pay for the emergency relief effort related to Saturday’s earthquake without taking extra budget measures or seeking congressional approval, Finance Minister Andres Velasco said Sunday.

“In this tragedy, this government’s response isn’t limited by resources because we fully understand the immense needs of the people in Chile,” Velasco said in comments broadcast on national television. “The budget law allows immediate access to the financing, not subject to future measures.”

-- Bloomberg