Andina

Peru: Public, private sectors see growth for first time in four years

LIMA,PERÚ.NOVIEMBRE 27. Gabinete en pleno se presenta ante el Congreso de la Republica para sustentar la Ley de Presupuesto del Año Fiscal 2018 Foto: ANDINA/Dante Zegarra.

17:56 | Lima, Nov. 27.

Peruvian Economy and Finance Minister Claudia Cooper said Monday this is the first time in four years that public and private sectors return to growth.

So much so that her administration is working on a US$70 billion infrastructure and mining investment portfolio.

"For the first time in four years, the country will see an overall growth in private and public sectors, [mainly] in key activities like construction, manufacture, trade and services," she said.

Cooper remarked public investment has experienced a two-digit overall growth over the past three months at all government levels. 

"Likewise, in the third quarter of 2017, while investment in mining and hydrocarbons went up 23.2% in real terms, private investment in the other sectors did so by 2.6%," she indicated.

The government official said the number of investment announcements increased 42.2% in the first nine months of the year over the same period in 2016.

Remarks were made at Congress as she supported the Public Budget for Fiscal Year 2018.

(END) CNA/JJN/RMB/MVB

Published: 11/27/2017