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.