reported that the Multiannual Macroeconomic Framework 2025-2028 was approved, which raises the growth projection of
"Our growth for this year is projected at 3.2%. As I stated yesterday with a dose of optimism, I think it should be between 3.7% and 4%, which means a strong recovery from what we saw last year," Arista indicated on Wednesday.
"Talking to those who are more knowledgeable about international prices and mining, they say that we are quite conservative in our projection regarding mineral prices for the coming years. I think so, but what happens is that the Multiannual Macroeconomic Framework has to be approached from a conservative perspective," he added.
The minister indicated that, according to the Multiannual Macroeconomic Framework 2025-2028, a 3.1% GDP growth in Peru is also expected for next year.
“The Multiannual Macroeconomic Framework is an instrument in which we conduct a diagnosis, an analysis, and projections of the main macroeconomic variables. This instrument is approved before the approval of the Budget Law, the Indebtedness Law, and the Fiscal Balance Law," Arista explained.
"After the approval of the Multiannual Macroeconomic Framework, which can be found on the Ministry of Economy and Finance (MEF) website, we proposed the Budget Law, the Indebtedness Law, and the Fiscal Balance Law; these were reviewed by the ministers, but they raised some observations, and it was agreed at the Council of Ministers to postpone the approval," he added.
The Cabinet member announced that an extraordinary Council of Ministers meeting will be held on Monday to analyze and approve the Budget Bill, which must be submitted to the Congress of the Republic before August 30.
"The main aspect of this Budget Bill is that we are respecting the 2.2% deficit for 2025, and as I always reaffirm, this year we will end with a 2.8% GDP deficit," he concluded.