BCR: Peru's fiscal deficit to decline to 2.5% of GDP in 2025 and 2.1% in 2026

The Central Reserve Bank (BCR) forecasts that the fiscal deficit will continue to decline this year, reaching 2.5% of GDP in 2025 and 2.1% in 2026, BCR Governor Julio Velarde stated.
Published: 6/21/2025
The economist mentioned that a fiscal deficit of 2.2% of GDP had previously been expected for this year.
It should be noted that the annualized fiscal deficit was 2.7% of GDP in May and 3.5% at the end of 2024, according to information from the issuing entity.
"Although the fiscal deficit is lower than in other countries, we are (nevertheless) on a worrying trend," Velarde observed on Friday
Lowest public debt in the region
Velarde highlighted that Peru has the lowest level of public debt in the region.
"Public debt is estimated to rise from 32.1% of GDP to 32.6% between 2024 and 2026, remaining the lowest in the region," he stated.
On the other hand, Velarde said that the benchmark interest rate remained at 4.50% in June.
"The statements reiterate that future adjustments will be conditioned on new information about inflation and its determinants," he noted.
The BCR head mentioned that, since the beginning of the global interest rate hike cycle, Peru has maintained the lowest rate among countries in the region.
"The monetary policy rate has been the lowest among the region's main countries since 2020," he stated.
Lower inflation than in the U.S.
In that context, the BCR governor stated that the inflation expectations in Peru are lower than in the United States, at 2.27% versus 2.38%, respectively.
"Hopefully that can be maintained in the future and we can get used to having inflation equal to or lower than that of the United States, because I believe it will build confidence in the long run," Velarde said.
He added that since 2023 Peru has maintained a lower level than the United States.
(END) JJN/JMP/MVB
Published: 6/21/2025
Most read
-
Conoce el cronograma 2025 de pagos de sueldos y pensiones en el Estado
-
ONP: Mira aquí el cronograma de pago de pensiones y gratificación julio 2025 a jubilados
-
Gratificación julio 2025: ¿Cuándo es la fecha límite para el pago por Fiestas Patrias?
-
UNMSM inicia inscripción para examen de admisión 2026-I: fechas y costos
-
¡Atención viajeros! Aeropuerto de Piura retomará vuelos nocturnos a partir de agosto
-
Tesoro andino amazónico: ¿Cuáles atractivos de Huánuco son ideales para visitar en julio?
-
Temblor hoy en Perú, martes 8 de julio: fuerte sismo de magnitud 5.3 se registra en Pisco
-
Lambayeque: investigan a alcalde de Pomalca por presunta apropiación de fondos de caja
-
Sporting Cristal anuncia el fichaje del defensa Miguel Araujo para el Clausura [videos]
-
Alerta en Cusco: región suma 11 incendios forestales este año, cuatro en la última semana