Peru achieved a record number of Public Works for Taxes awards in 2025, reaching 501 projects valued at 5.18 billion soles (approximately $ 1.542 billion), the highest figure since the program's inception in 2009, the Ministry of Economy and Finance (MEF) highlighted.
This result will expand access to modern infrastructure and essential public services for the population, contributing to social development, regional competitiveness, and decentralized economic reactivation.
The Minister of Economy and Finance, Denisse Miralles, stated that this performance reflects the coordinated work between the State and the private sector.
“The record achieved in 2025 demonstrates that when the public sector and private companies work in a coordinated manner, it is possible to accelerate investment, close historical gaps, and bring concrete development to the regions. The Works for Taxes mechanism is now a key tool for improving the quality of life of the population,” she stated.
During 2025, 178 new companies joined the Works for Taxes mechanism, while 102 public entities—including regional, local, and national government entities—used it for the first time, significantly expanding its coverage and territorial reach.
The Minister of Economy and Finance emphasized that Works for Taxes allows for the execution of projects with high technical standards and more efficient timelines, prioritizing strategic sectors.
“Thanks to this mechanism, more Peruvians will have access to better schools, health facilities, sanitation systems, roads, and citizen security services, within a framework of responsible and decentralized investment,” Minister Miralles noted.
The 2025 results far surpass those recorded in 2024. Compared to the previous year, the number of awarded projects increased by 314%, while the investment amount grew by 20%.
In 2024, 121 projects were awarded for 4.315 billion soles (approximately $ 1.284 billion), demonstrating substantial progress in the use of this mechanism.
By type of public entity, regional governments accounted for 55% of the awarded amount (2.845 billion soles or $ 847 million), followed by local governments with 35% (1.788 billion soles or $ 532 million), national government entities with 10% (542 million soles or $ 161 million), and public universities with 0.1% (5 million soles or $ 1.49 million).
In terms of sectors, the most prominent projects were transportation (1.275 billion soles or $ 379 million), education (1.168 billion soles or $ 347 million), public order and security (752 million soles or $ 223 million), and health (744 million soles or $ 221 million), areas with a direct impact on the population's quality of life.
Since the implementation of the Public Works for Taxes program in 2009 through the end of 2025, the mechanism has facilitated the awarding of 1,105 projects for a cumulative total of 16.969 billion soles (approximately $ 5.052 billion), with the participation of 393 private companies, which have become strategic partners of the State in the provision of public infrastructure.
The outlook for 2026 is favorable. As part of the government's strategy to boost economic recovery and territorial development, the annual limit for issuing Regional and Local Public Investment Certificates (CIPRL) was increased by 50%, reaching 66.838 billion soles (approximately $ 19.899 billion).
Of this amount, 32.589 billion soles ($ 9.702 billion) correspond to regional governments and 34.249 billion soles ($ 10.197 billion) to local governments.
Finally, Minister Denisse Miralles stated that the Ministry of Economy and Finance (MEF) will continue to strengthen this mechanism.
“We will continue to provide technical support, strengthen capacities, and promote clear and predictable rules. The country's development is built on partnerships and investments that translate into concrete projects for the citizens,” she emphasized.
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Publicado: 5/1/2026