The fiscal deficit
accumulated in the last 12 months decreased to 1.7% of GDP
last April, Peru's Central Reserve Bank (BCR) has reported.
In April, the non-financial public sector recorded an economic surplus of S/3.38 billion (US$1.018 billion), down S/183 million (US$55.153 million) compared to the same month in 2018.
According to BCR
, Tax revenues increased 3.4% in the analyzed month, compared to April last year.
On the other hand, the non-financial expenditure of the general government grew 7.8% in April compared to the same month in 2018.
Likewise, the current expenditure increased 3.3% and gross capital formation rose 24.6%, highlighting the dynamism in local governments.
Between January and April 2019, the non-financial public sector accumulated a surplus of S/9.709 billion (US$2.926 billion).
It must be noted that surplus registered in the first months is seasonal due to income tax regularization and the start of the budget expenditure cycle.