Regulatory Reform: Towards a supervisory body for public sector regulations in Chile

Authors

  • Benjamín Alemparte Prado Universidad de Chile

Abstract

This paper reviews the main proposal of the OECD’s 2016 report on «Regulatory Policy in Chile», which suggests the creation of a supervisory agency for public sector regulations within the Ministry of the General Secretariat of the Presidency (SEGPRES). Taking into account the experience of the United States through the Office of Information and Regulatory Affairs (OIRA) under the Office of Administration and Budget of the Presidency, it is argued that an essentially technical and long-term organization should be within the Ministry of Finance, specifically in the Budget Division (DIPRES), considering the knowledge that this service has in the cost-benefit analysis of programs and its role in the evaluation of the public sector Budget.

Keywords:

Regulatory Reform, cost-benefit analysis, supervisory agency