Peru Fin Min: Public, private investment recovered during Vizcarra administration

13:06 | Lima, Sep. 5.

Economy and Finance Minister Carlos Oliva on Thursday affirmed private and public investments have recovered since Peruvian President Martin Vizcarra took office in March 2018.

In this sense, the cabinet member indicated private investment increased 4.2% in 2018, after four years of economic stagnation.

"For this year, it is expected to repeat private investment's 4% rise, and for 2020, it is projected to reach a 4.8% increase," Oliva expressed.

Meanwhile, public investment may expand 9% in 2020, a figure higher than the one projected for 2019 (2.5%).

Likewise, the official projected domestic demand will expand 4.3% in 2020, a number higher than the one expected for this year (3.4%).

Domestic demand

Furthermore, the minister pointed out Peruvian economy will accelerate in 2020, underpinned by domestic demand.

"Public and private investment will be the growth engines next year," he added.

Remarks were made while supporting the budget bill for 2020 at Congress' plenary session.

Ministro Carlos Oliva ante el Pleno del @CongresoPeru: Estos son los objetivos del #Presupuesto2020:
?Dinamizar el crecimiento económico.
?Asegurar el uso eficiente de los recursos.
?Fortalecer el proceso de descentralización en la gestión de las finanzas públicas. pic.twitter.com/f5kM7xZ3jT
— Ministerio de Economía y Finanzas (@MEF_Peru) September 5, 2019

(END) RGP/JJN/DTK/MVB

Published: 9/5/2019

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Peru Fin Min: Public, private investment recovered during Vizcarra administration

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