Peru's PM: Deregulatory shock boosts productivity and efficiency in public management

Photo: Ministry of Economy and Finance of Peru

13:36 | Lima, Mar. 31.

Prime Minister Gustavo Adrianzen on Monday stated that the deregulatory shock to boost economic growth is the government's response to the need to eliminate bureaucratic bottlenecks, aiming to enhance productivity, competitiveness, and efficiency in public management.

"We must continue driving economic growth because we have the potential to grow at even higher rates. These measures are aimed at achieving that (goal), promoting productivity, competitiveness, and efficiency in public management," Adrianzen asserted.

The Cabinet chief, along with Economy-Finance Minister Jose Salardi, presented the deregulatory shock, which includes over 400 measures to stimulate economic growth, reduce the fiscal deficit, and modernize state processes in pursuit of a more efficient government.

"In this first stage, the Ministry of Economy and Finance (MEF) has set the goal of consolidating the initial reforms by July, followed by a second phase that will engage all levels of government in this modernization process," Adrianzen explained.

In this regard, the Prime Minister mentioned that throughout this first year in office, the Presidency of the Council of Ministers (PCM) has been holding periodic meetings with the National Institute for the Defense of Competition and Intellectual Property Protection (Indecopi) to identify bureaucratic barriers.

However, in some cases, certain sectors within the State resisted accepting these resolutions and sought to challenge them, Adrianzen noted.

The high-ranking official emphasized that bureaucracy has hindered the country's development and that efforts to reduce it must continue, especially in social sectors such as health and education.

"You wouldn’t believe how much is required for someone to invest in education, for example," he pointed out.

Furthermore, the Prime Minister stated that the implementation of this deregulatory shock aims to prevent investors from facing high rates and lengthy procedures to obtain a license, which —according to him— only delays growth.

"This measure is a clear response to the need to untangle the bureaucratic web that harms us so much," he stated.

Moreover, the Cabinet chief called on municipalities and the Congress of the Republic to join this effort.

"We must hold meetings with the Chairman of Congress and the leader of the Assembly of Municipalities of Peru to encourage their participation," he said.

Adrianzen pointed out that, in some cases, municipalities have used these bureaucratic barriers for revenue collection, but the government aims to create incentives to encourage their participation in this change.

(END) OPG/CVC/JMP/MVB

Published: 3/31/2025

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Peru's PM: Deregulatory shock boosts productivity and efficiency in public management

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