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Peru: Public Investment up 29% in September 2017

Reconstrucción con cambios.

Reconstrucción con cambios.

14:04 | Lima, Oct. 2.

Peru's public investment amounted to S/2.92 billion (about US$895 million) last September, thus recording a nominal growth of 29% from the same month in 2016, an Economy and Finance Ministry's (MEF) report revealed.

Likewise, public investment execution —between January and September 2017— totaled S/17.43 billion (about US$5.33 billion), up 2.5% over the same period last year. 

September's reading is in line with Economy and Finance Minister's projections

As is known, Minister Cooper projected public investment would show a 24% gain in such month.

This way, September marks the second month of continuous growth, since public investment grew 16.2% last August.

Also, although public investment execution saw red figures in the last two years, MEF forecasts suggest an increase of 7.5% in 2017, as well as positive results in 2018 (+17.5%), 2019 (+4%), 2020 (+4%) and 2021 (+3.5%).

Local governments led public investment execution (S/1.36 billion; about US$418 million), followed by the National Government (S/1.04 billion; US$318 million) and regional governments (S/516 million; US$157 million).

(END) MDV/MDV/JAA/RMB

Published: 10/2/2017
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