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Fin Min: Peru to reach 1% fiscal deficit by 2021

11:33 | Madrid (Spain), Feb. 28.

Economy and Finance Minister Carlos Oliva has affirmed Peru is on the path to reach a 1% fiscal deficit by 2021.

Likewise, the official highlighted the Inca country is one of the economies that has expanded the most in the world over the last 20 years, thanks to macro-economic stability and an increase in private investment

"We are determined to gradually reduce our fiscal deficit that at one point exceeded 3% of GDP," he expressed. 

Furthermore, Minister Oliva underlined the economic strengths of Peru, as well as the government's work in a medium- and long-term to achieve a more competitive nation

He went on to add the Government seeks to boost new economic sectors in order to diversify future investments

"We are working on improving connectivity, security, and infrastructure, so they can enable new investments," the Economy and Finance Ministry Head said. 

The official also recalled a tax reform is currently being implemented to reduce informality and tax evasion. 

Minister Oliva currently leads the Inca country's delegation at InPERU's 16th Road Show Europe 2019 which started on February 25 in London and came to an end in Madrid today.

This event is aimed at attracting investments and promoting Peru as a solid nation for business.

(END) MDV/DTK/MVB


Published: 2/28/2019
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