The
annual fiscal deficit decreased 2.3% of
GDP in January 2019, 0.8 percentage points lower over the same period last year (3.1% of GDP), Peru's Central Reserve Bank (BCR) reported.
According to the issuing entity, this result was due to an increase in current revenues, mainly underpinned by a rise of tax revenues (1.1% of
GDP).
In January, the non-financial public sector recorded an economic surplus of US$4.659 billion, up US$1.457 billion compared to the same month in 2018.
Such performance was driven by Central Government's higher current revenues (9.5%) and the reduction in non-financial expenses (2.3%).
Likewise, tax revenues expanded 12% in January compared to the same month last year.
This was explained by higher revenues of
general sales tax (IGV) (+12.8%) and income tax (IR) (+4.9%).
(END) JJN/JJN/DTK/RMB
Publicado: 15/2/2019