Economy and Finance Minister Alex Contreras affirmed that the implementation of the
'Con Punche Peru' (Peru with Strength) program, as well as the momentum created by the progress made in public investment nationwide, have been key to the recovery of the national productive activity.
"Without the implementation of 'Con Punche Peru' (Peru with Strength) and without the progress made in public investment, the economy might already be in recession. That was the worst scenario, but we are working actively on the reactivation," he expressed.
Likewise, the minister underscored that public investment increased 17.3% in June this year.
"The trend is changing, and it (public investment) has exceeded S/18 billion (over US$4.96 billion) to date. This is the highest execution level in recorded history," he explained.
According to the government official, this merit counts as two because new authorities have joined sub-national governments but, in spite of that, the historical downward trend in the first years of regional authorities' terms has been broken.
Furthermore, the Cabinet member highlighted the supplementary credit approved by Parliament, noting that it was essential for directing the national economy's recovery process.
"Without the supplementary credit approved in record time by this Commission, we would not have been able to meet the requests that have been registered in recent months in order to address various issues," he pointed out.
Contreras made these remarks as he participated in the Congress' Budget and General Account Commission on Thursday.
(END) SDD/JJN/RMB/MVB
Published: 7/7/2023