 In practice, this means that expenditures rise when activity is low and decrease in booms The target was of 1% of GDP between 2001 and 2007, it was reduced to 0.5% in 2008 and then to 0% in 2009 in the wake of the global financial crisis.In 2005, key elements of this voluntary policy were incorporated into legislation through the Fiscal Responsibility Law (Law 20,128).The Fiscal Responsibility Law also allowed for the creation of two sovereign wealth funds