Chile's film fund faces 64% cut in 2027 as Kast takes axe to culture budget

Chile's Audiovisual Investment Support Fund is set to fall from $586,000 in 2026 to $208,000 in 2027 — a 64% cut — under President José Antonio Kast, who took office in March. The Ministry of Culture's overall budget drops 9%. Chilean Film & TV Producers Association president Diego Rougier is tracking the reductions, which sharpen the need for international co-productions.