, in order to reverse the economic crisis caused by the COVID-19 pandemic, Investments Division Manager at privately-run pension fund administrator Prima AFP Jose Larrabure said on Saturday.
"We (Peru) had a Fiscal Stabilization Fund that has helped a lot, but I think this is the time when we can be a little irresponsible fiscally speaking, especially since Peru has a fairly low level of indebtedness, and I think we would be capable of bearing a higher level of debt in the following years," he added.
The officer considered that the Government did what was needed at the time, because the risk of remaining with a structurally low growth is higher, as is the loss of companies and jobs, which is much more damaging in the long term.
Growth and recovery
However, Larrabure pointed out that there are some risks which could affect the recovery,
such as a probable fresh outbreak of COVID-19, as well as domestic and external political uncertainty.