Peru has demonstrated fiscal discipline and has a higher level of credibility than other countries with a similar credit rating, Moody's stated.
"In comparative terms, Peru has demonstrated fiscal discipline and has a much higher level of credibility than other countries with a similar credit rating," Moody's Ratings Vice President for Sovereign Risk, Renzo Merino, said.
"For example, Colombia and Panama are countries that make much more abrupt changes to their fiscal rules. Panama raised its deficit limit to more than 10%, while Colombia suspended its fiscal rule because the Government did not want to adjust spending," Merino stated.
"In Peru's case, we are talking about minor changes, at least in what has been proposed over the past week," he added.
The vice president said Peru has a basic deficit rule and, obviously, limits on public spending growth, which is why Moody's focuses on ensuring that fiscal strength is maintained.
"In Peru, based on what we are seeing, there would be minor changes to the deficit limit in the medium term, which would not significantly affect the trajectory we expect the Peruvian Government to follow going forward," Merino explained.
"The few deviations we have seen from the fiscal rules in recent years have resulted in debt once again reaching 30% of gross domestic product (GDP)," he added.
The Moody's executive emphasized the importance of determining whether there would be any changes to the Government's proposal.
"With this administration, or whichever one comes next, it is always interesting to know whether deficits are adjusted when there are such deviations. So, we will ultimately have to see what changes are actually implemented," he concluded.
(END) CNA/MVB
Publicado: 17/8/2026