Andina

Peru Gov't to allocate close to US$1.5 bn for regional projects


00:39 | Lima, May. 17.

Peru's Government will transfer nearly S/5 billion (US$1.528 billion) this May for regional and local governments to implement projects in various sectors that will benefit the population, President Martin Vizcarra announced.

On Wednesday, the Head of State signed a Supreme Decree granting S/404 million (about US$123.47 million) to the education sector.

Said amount will be invested in the implementation of 250 education infrastructure projects in Peru's inland areas, mainly at the municipal level.

Within this context, President Vizcarra underlined the education sector is one of his administration's priorities. 

Likewise, he recalled the Government had previously transferred around S/500 million (about US$152.81 million) to the health sector.

Further allocations will involve the Transport and Housing Ministries in the coming weeks.

Moreover, the Peruvian leader affirmed he and Prime Minister Cesar Villanueva currently review the budget with the purpose of reallocating resources in favor of subnational governments.

In this sense, nearly S/5 billion (about US$1.528 billion) is expected to be transferred this month, thus fulfilling a commitment made at GORE-Executive meetings.

"We are reactivating the economy by boosting public investment to generate sources of employment, as well as improve health, education, housing, sanitation, transport, and communication services in favor of all Peruvians," he concluded.

(END) VVS/JAA/MVB

Published: 5/17/2018