Peru's new Economy and Finance Minister David Tuesta on Tuesday said it is essential for the Inca country to register higher growth rates, but without leaving fiscal responsibility behind, adding the Inca country needs to break the existing inertia.
"I have come to give everything for my country.
I join the great MEF (Economy and Finance Ministry) team. The country needs to break the current inertia. We need further expansion responsibly," Tuesta expressed.
In 2017, Peru's economy reached a
2.5% growth rate. As at February 2018, the fiscal deficit —accumulated over the last 12 months— accounted for 3.3% of GDP.
Transfers will be accelerated
To do so, conversations have taken place with Comptroller General's and Prosecutor's Offices so as to boost monitoring mechanisms.
"Let's speed up the country with allocations. Money has to be circulating to generate employment and dynamism. It has to be a fast but transparent move," he told ATV local channel.
Academic training
It should be noted David Tuesta is an economist graduated from the Pontifical Catholic University of Peru and holds a Master's Degree in Public Relations from the University of Minnesota (United States).
Likewise, he has a Ph.D. in Economics from the Pontifical Catholic University.
50-year-old Tuesta is an author, editor, and contributor to books published by prestigious publishing houses.
He is also a member of the Econolatin Network of the Autonomous University of Madrid's Klein Institute and an associate research economist at Lima-based San Martin de Porres University's Center for Competitiveness and Development.