Ministry of National Assets (Chile)

The Ministry of National Assets (Spanish: Ministerio de Bienes Nacionales, MBN) is an institution in charge of recognizing and managing the fiscal patrimony or property.

Likewise, other of its functions is regulating small real estate and controlling public use of national assets.

[1][2] In 1871, under Federico Errázuriz Zañartu's government (1871−1876), it was created the Ministry of Foreign Relations and Colonization to order the occupation of the southern lands.

When the inhabitants settled in the south of Chile, the State assumed a new role aimed at the administration of fiscal assets, the conservation of heritage and the exploitation of natural benefits.

In the same year the Department of National Assets and Colonization was established under the freshly formed Ministry of Austral Property.