Andina

Peru Fin Min proposes strategy to execute over US$3 billion in next 10 weeks

13:36 | Lima, Oct. 31.

The Economy and Finance Ministry (MEF) has proposed a strategy to execute S/12.967 billion (around US$3.871 billion) in the next 10 weeks, so public investment can increase 2.5% —in real terms— in 2019, as it was projected in the Multiannual Macroeconomic Framework (MMM), MEF Head Maria Antonieta Alva affirmed on Thursday.

In this sense, the high-ranking official suggested setting weekly and monthly execution goals for the regions. 

"We will have weekly and monthly follow-ups. We are also applying this to the Council of Ministers with the purpose of detecting deviations timely and acting quickly," she said. 

According to the cabinet member, this strategy will boost the economy, as well as improve the services provided to citizens and close gaps. 

In the case of regional governments, Alva indicated that the goal is to execute S/8.910 billion (about US$2.660 billion). 

"It is very ambitious, but if we are not, we will not be able to mobilize the resources we need in order to accomplish our goal," the minister expressed. 

Likewise, the official pointed out inertia should be broken in January, so there can be dynamism since the very first business day of the year. 

(END) JJN/DTK/MVB


Published: 10/31/2019