Following a technical evaluation carried out by the
Ministry of Economy and Finance (MEF), the Government of
President Dina Boluarte, which is committed to the country's development, decided to allocate S/500 million (about US$133 million) to local governments in order to address the population's social needs.
In a statement shared on social media, the Presidential Office reported that transfers received by local governments through the
Municipal Compensation Fund (Foncomun) have decreased in recent months, due to lower tax collection derived from the economic recession from which the country is recovering, as evidenced by the
2.1% GDP growth posted in the first two-month period of the year.
"Aware that local governments need to finance additional services to improve citizens' quality of life, these resources will be allocated in alignment with technical criteria and according to their needs, with municipalities being responsible for implementing them efficiently," the publication reads.
Likewise, the Presidency of the Republic stated that the budget execution progress made by sectors was reported during a recent session of the Council of Ministers.
(END) CVC/RMB/MVB
Publicado: 17/4/2024