Public investment continues to consolidate itself as an important driver of Peru's economic growth. Between January and November 2025, cumulative execution reached S/49.168 billion (US$14.560 billion), a 5% increase compared to the same period last year and the highest level executed in the past decade, the
This performance confirms the sustainability of the positive trend registered in recent years and projects a year-end close with a new historic record.
In addition to higher volume, the improved quality of spending stands out, focused on projects aimed at closing gaps in infrastructure and services that directly improve the population's quality of life.
Levels of Government
In the breakdown by government level, the National Government led investment execution with S/19.057 billion (US$5.643 billion; 73.7% of the Modified Institutional Budget – PIM).
It was followed by local governments with S/17.916 billion (US$5.305 billion; 60.2% of the PIM) and regional governments, which recorded S/12.195 billion (US$3.611 billion; 79% of the PIM).
In November alone, one of the best monthly results in the past 10 years was achieved, with S/5.055 billion (US$1.497 billion) executed across the three government levels.
Local governments accounted for 41% of the total, followed by the National Government and regional governments.
"This boost in public investment translates into more infrastructure, more jobs, and more opportunities for Peruvian families. Our goal is clear: to accelerate development across the country and ensure that prioritized projects respond to the real needs of citizens," Economy and Finance Minister Denisse Miralles stated.
The MEF highlighted that these results reflect the Executive Branch's commitment to efficient management of public resources, focused on key sectors such as transportation, sanitation, health, education, and citizen security, contributing steadily to the population's well-being and to economic growth.