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Peru: Public investment up 55.7% in Feb 2018

Reconstrucción con cambios.

Reconstrucción con cambios.

15:42 | Lima, Mar. 1.

Public investment execution amounted to S/1.837 billion (about US$563.32 million) in February 2018, thus recording a nominal growth of 55.7% and showing a positive trend, Peru's Economy and Finance Ministry (MEF) reported Thursday.

According to MEF, public investment continued to expand in February 2018 compared to the same month in 2016 (S/2.086 billion; about US$639.68 million).

Within this context, public investment execution totaled S/2.414 billion (about US$740.26 million) in Jan-Feb 2018, up by 44.9% from the same period in 2017 (S/1.666 billion; about US$510.89 million).

Public investment recovered and grew 6.7% in nominal terms last year, following two consecutive years of contraction

By years

It must be noted public investment execution increased to S/31.608 billion (about US$ 9.693 billion) in 2014, but then decreased to S/30.609 billion (about US$9.386 billion) in 2015, and to S/27.205 billion (about US$8.343 billion) in 2016.

Likewise, MEF has forecast public investment growth of 17.5% (2018), 4% (2019), 4% (2020), and 3.5% (2021).

(END) JJN/JJN/FGM/MVB

Publicado: 1/3/2018
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