stated that the Government seeks to harness momentum shown by the Peruvian economy to foster an agenda focused on growth, investment, and improved public services, aimed at closing gaps and creating greater opportunities for the population.
The government official made the remarks during his presentation before the Bicameral Committee on the Budget and General Account of the Republic.
There, he highlighted the positive performance of the Peruvian economy this year, despite the difficult circumstances caused by El Niño phenomenon.
In this regard, the Cabinet member said 2027 will be a year of economic recovery rather than stagnation, unlike previous years when the natural phenomenon occurred.
"The Peruvian economy grew 3% during the first half of the year, and the 2027–2030 Multiannual Macroeconomic Framework projects 3.4% growth for this year, despite the context created by El Niño phenomenon. Economic reactivation is not a future prospect; it is happening today," Cuba stated.
He highlighted that this performance is accompanied by a 5.9% expansion in domestic demand and a 15.5% increase in private investment during the first half of this year, creating conditions to sustain and accelerate growth in the coming quarters.
Growth to close gaps
The government official explained that this economic outlook is part of a Government agenda based on three pillars: boosting investment and closing gaps; competitiveness and productivity; and equal opportunities.
"We are inheriting a dynamic economy that we intend to maintain—not only at this pace, but to accelerate it in the coming quarters," he noted.
The Cabinet member said the Government will place special emphasis on productivity, equal opportunities, and strengthening social programs.
Within this framework, Minister Cuba underscored that the Peruvian State's challenge is not merely to increase public resources, but to ensure that they translate into public works, goods, and services that improve citizens' lives.
"Not only must we build public works, but also provide goods and services," he emphasized.
Therefore, he said the Ministry of Economy and Finance (MEF) is conducting a comprehensive review of its investment portfolio to establish priorities and place greater emphasis on projects that are already underway, nearing completion, and have the greatest impact.
"You can do the same, or even less, but make sure it reaches the people; make sure the public work is completed rather than left unfinished," Cuba explained.
This approach seeks to ensure that public investment effectively helps close gaps and that completed projects can be timely converted into services for the population.
In tax matters, the minister highlighted that the Government will prioritize reducing tax evasion while continuing to evaluate tax exemptions on a case-by-case basis.
Finally, he underscored that fiscal responsibility enables the country to maintain its capacity to respond to potential shocks and preserve macroeconomic stability.
Publicado: 9/9/2026