Peru: MEF reaffirms commitment to fiscal responsibility, sustainable growth at CAF forum

Photo: Ministry of Economy and Finance of Peru

Photo: Ministry of Economy and Finance of Peru

08:49 | Panama City (Panama), Jan. 30.

Economy and Finance Minister Denisse Miralles underscored that fiscal stability is the foundation for sustaining economic growth and maintaining Peru's attractiveness for investment.

The government official noted that meeting the 2025 fiscal deficit target strengthens Peruvian macroeconomic credibility and enables a technical and responsible assessment of fiscal challenges ahead.

The Cabinet member reaffirmed on Thursday the government's commitment to preserving fiscal stability as a fundamental pillar of economic growth, job creation, and investment attraction in the South American country.

The minister made remarks at the end of her participation in the International Economic Forum – Latin America and the Caribbean 2026, organized by the Development Bank of Latin America and the Caribbean (CAF) in Panama City.

Within this framework, the Cabinet member underscored that Peru met its 2025 fiscal deficit target, reaching 2.2% of gross domestic product (GDP).

The high-ranking official stressed that this result consolidates the country's macroeconomic credibility and reflects responsible management of public finances, in line with the current Macrofiscal Framework and the fiscal rules governing economic policy.

In this regard, the minister noted that meeting the 2025 fiscal target provides a solid foundation to analyze the fiscal challenges of 2026 in a technical and prudent manner.

Miralles added that this approach maintains a commitment to the sustainability of public finances while seeking to balance stronger economic growth with social demands and Peru's infrastructure investment needs.

"We must preserve fiscal responsibility, because it is the foundation of sustained growth and confidence in our economy. At the same time, it is necessary to assess, within the current fiscal framework, how to responsibly address the investment and development demands the country needs to grow faster and generate greater opportunities," she indicated.

The Ministry of Economy and Finance's (MEF) head noted that the government is fostering regulatory measures aimed at strengthening economic growth, including investment debureaucratization and improvements to the regulatory environment.

The Cabinet member said these efforts seek to boost economic activity across all sectors, including medium and small enterprises.

Minister Miralles added that a technical assessment of the fiscal outlook is necessary to address investment commitments inherited from previous administrations that lack sufficient budgetary allocation, always under criteria of sustainability and fiscal responsibility.

"The measures adopted in the final quarter of 2025 showed that it is possible to put public finances in order and meet fiscal targets. On that basis, any forward-looking analysis must be conducted with prudence, safeguarding macroeconomic stability and the confidence the country has built," she emphasized.

(END) NDP/MVB

Published: 1/30/2026