The Executive Branch is working on the corresponding bill to increase the 2019 Public Budget by 5%, compared to last year's budget, Economy and Finance Minister Carlos Oliva informed Thursday.
"According to the (Multiannual Macroeconomic) Framework, we will have to reach the budget figure, but I guess we will see an expansion of around 5% for next year," the official told RPP radio and TV news station.
In this regard, Oliva noted the 2019 Public Budget Bill is being prepared by the Government and will be submitted to Congress in the coming weeks, as the deadline is August 31.
Growth
On the other hand, the cabinet member remarked the Multiannual Macroeconomic Framework (MMM) 2019-2021 will include some upward adjustments in
Peru's economic growth forecasts.
"We are projecting a growth rate of around
4% for this year and higher rates for the coming years, (...)" Oliva remarked.
The minister went on to add his portfolio currently works on this new MMM, which must then be submitted to the Council of Ministers for approval.
(END) CNA/JAA/MVB