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.
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