Irrigation and Drainage Investment Subsidy under Law No. 18,450 - 2026 Budget

Observations

Chile's 2026 Budget Law allocates CLP 108,688,140,000 to the Irrigation and Drainage Investment Subsidy under Law No. 18,450. The budget provision states that resources are transferred to the General Treasury of the Republic to finance expenditures associated with Law No. 18,450 and includes payment of subsidy certificates awarded in competitions resolved in 2025 and earlier years. For 2026, the National Irrigation Commission may commit up to CLP 116,019,448,000 through calls for projects costing less than 20,000 UF, including up to CLP 19,337,436,000 for projects under Article 3(a), and up to CLP 12,978,841,000 for projects costing 20,000 UF or more. The USD conversion uses the Central Bank of Chile observed exchange rate for January 2, 2026, the first published rate of 2026, equivalent to 907.13 Chilean pesos per US dollar. The resulting conversion is CLP 108,688,140,000 / 907.13 = USD 119,815,395.81. A subsequent April 2026 budget modification reduced the current irrigation subsidy appropriation to CLP 104,059,185,000; that modification is not applied here because the primary source is the original 2026 Budget Law.