ourselves and with our own means will inevitably be the yardstick by which the legitimacy of our international demands is rreasured. The Government of President Aylwin intends to maintain an open economy, emphasize exports, stimulate national and foreign investment and guarantee stable regulations, such as those already in effect. At the same time, however, it has the unavoidable commitment to improve the deteriorated conditions in which an enormous number of Chileans live. We believe it is possible to attempt to achieve a better synthesis between an open market economy and significant social development. We also have a firm commitment to economic stability. The maintenance of inflation at a law level is the first decision of the economic policy adopted by the Government. The second is the maintenance of a balanced fiscal budqet. The third, a consequence of the preceding, is the gradualness of the social effort. Its speed and intensity will be subject to the financing of the new social expenditures, either through taxes or through economic growth. As proof of that; it is worth noting the agreement in principle reached between the Government and the present opposition in Chile. That agreement provided for the increase of a set of taxes to free the resources needed for initiating an intensive social policy based on our own means. Chile has inherited a very heavy social debt in the fields of health, housing, education and other RM/12 A/S-18/PV. 5 50 (Mr. Somavia, Chile) related areas. The agreement, which will be shortly completed in the Parliament, represents annual revenues of approximately $550 million, or almst 2 per cent of the annual qross national product. BCT/jg A/S-18/PV. 5 51 (M.r. Soma via, Chile) At the same time, we express our qratituce for the continued desire manifested abroad to assist in the stabilization of the democratic transition in Chile, 
**Analysis**
The text appears to be a statement from the Government of Chile, outlining their economic policy and plans for development. It discusses the country's commitment to an open economy, economic stability, and social development, with a focus on improving the living conditions of a significant number of Chileans. The text also mentions a agreement to increase taxes to fund social expenditures and a social debt in areas such as health, housing, and education.

**Category**
Economic development, Health, Education