Politics of Chile Politics of Chile Chile's government is a representative democratic republic, whereby the President of Chile is both head of state and head of government, and of a formal multi-party system that in practice behaves like a two-party one, due to binomialism. Executive power is exercised by the government. Legislative power is vested in both the government and the two chambers of the National Congress. The judiciary is independent of the executive and the legislature of Chile. The Constitution of Chile was approved in a national plebiscite in September 1980, under the military government of dictator Augusto Pinochet. It entered into
Ministry of Finance (Chile) Ministry of Finance (Chile) The Ministry of Finance of Chile () is the cabinet-level administrative office in charge of managing the financial affairs, fiscal policy, and capital markets of Chile; planning, directing, coordinating, executing, controlling and informing all financial policies formulated by the President of Chile. The current Minister of Finance is Mr. Felipe Larraín Bascuñán. In 1814 the Secretary of Finance was created, as Supreme Director Bernardo O'Higgins sought to develop an administrative framework for the then newly formed nation, considering the need to ascertain its independence from the Spanish crown. The office was first organized by a Presidential