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The Economic and Social Stabilization Fund (ESSF) is a state-owned fund in Chile aimed at stabilizing the finances of the Central Government in face of potential "abrupt changes in the economic cycle and extraordinary events".cite-ref-essf-1-0[1] It was created in 2007 by the merger of the former Copper Stabilization Fund (Spanish: Fondo de Compensación para los ingresos del Cobre) and of the stabilization resources created by Decreto Ley N° 3.653 of 1981.cite-ref-essf-1-1[1]cite-ref-dflhac-2-0[2]cite-ref-3[3] The fund is also used yearly to amortize part of the public debt and to add to the Pension Reserve Fund.cite-ref-essf-1-2[1] The fund is subject to the Fiscal Responsibility Law.cite-ref-essf-1-3[1]

The Copper Stabilization Fund was created in 1987 basing it on the incomes of the state-owned copper mining company Codelco.cite-ref-footnoteceballostilton2005295-4-0[4] This allowed for more precise annual government budget planning given that copper prices can exhibit strong fluctuations.cite-ref-footnoteceballostilton2005298-5-0[5]

• See also

• References

• Bibliography

• Copper mining in Chile

• Sovereign wealth fund

cite-note-essf-11. ↑ "Economic and Social Stabilization Fund". Ministerio de Hacienda. Retrieved 2025-04-29.

cite-note-dflhac-22. ↑ "REFUNDE EN UN SOLO FONDO LOS RECURSOS ADICIONALES DE ESTABILIZACION DE LOS INGRESOS FISCALES A QUE SE REFIERE EL DECRETO LEY Nº 3.653, DE 1981, Y LOS DEL FONDO DE COMPENSACION PARA LOS INGRESOS DEL COBRE, CONSTITUIDO CONFORME AL CONVENIO DE PRESTAMO BIRF Nº 2.625 CH, Y FIJA LA NORMATIVA PARA SU OPERACIÓN". bcn.cl (in Spanish). Biblioteca del Congreso Nacional. 2024-09-01. Retrieved 2025-04-29.

cite-note-33. ↑ Fondo de Estabilización Económica y Social (PDF) (Report) (in Spanish). Ministerio de Hacienda. 2023-03-01. Retrieved 2025-04-29.

cite-note-footnoteceballostilton2005295-44. ↑ Ceballos & Tilton 2005, p. 295.

cite-note-footnoteceballostilton2005298-55. ↑ Ceballos & Tilton 2005, p. 298.

• citerefceballostilton2005Ceballos, Juan Ignacio; Tilton, John (2005). "Análisis del Fondo de Compensación del Cobre Chile". In Lagos, Gustavo (ed.). Minería y desarrollo (in Spanish). Santiago, Chile: Ediciones Universidad Católica de Chile. pp. 295–318. ISBN 956-14-0844-9.