Peruvian fiscal revenues are in a recovery phase thanks to the stabilization of
, the Economy and Finance Ministry has informed.
According to Deputy Economy Minister Michel Canta,
tax revenues will go from 14.6% of GDP in 2019 to 15.3% next year underpinned by the above-mentioned factors.
Likewise, the official indicated domestic demand's greater growth —projected for next year— will enable the collection of
general sales taxes (IGV) to increase in 2020.
In this sense,
IGV collection is projected to rise from 8.2% of GDP in 2019 to 8.4% of GDP next year.
"Digital transformation and payment systems’ improvement will join the greater dynamism of domestic demand," he expressed.
(END) RGP/DTK/MVB