on Tuesday affirmed that the country's macroeconomic stability and soundness constitute the great framework under which productive activities are being developed in Peru.
"We must maintain the stability that gives us the peace of mind of having a country which is internationally recognized for its soundness, for relying on a good risk rating, and for maintaining low interest rates for borrowing," he expressed during his participation in the International Gold, Silver and Copper Symposium.
The government official emphasized that this condition is the outcome of decades of joint work.
"It has cost us as a society to have that stability and the country that we have today. We must work together to defend that progress," Graham expressed.
In this sense, he said "from the Ministry of Economy and Finance (MEF) efforts are being undertaken to work jointly and maintain this great asset."
Fiscal responsibility
The high-ranking official affirmed that, in order to maintain fiscal responsibility, the bill to resume fiscal rules was approved at the Council of Ministers session.
"This bill, which is in Congress, sets above all the guidelines and the public debt ratios that we are going to have in the following years," he explained.
Graham affirmed this gives confidence that said rules will help maintain a responsible economy.
"In this bill, which establishes the macro-fiscal rules, we are talking about returning again to a fiscal deficit of 1% of GDP gradually by 2026. This also includes returning to the maximum public debt ceiling of 30%, also in a gradual process towards 2032. After 10 years, we will have those long-term indicators again," he detailed during his presentation.
Graham added that this not only indicates a commitment to responsible management, but also to the organization that we must have as a country and as a society.
"This is a joint work that we have to do not only from the Executive (Branch), but also from the Legislative (Branch), to provide above all that confidence which is required in macroeconomic terms and, obviously, maintain the lowest debt indicators, with the lowest interest rates throughout the region," he commented.
3.6% growth in 2022
"This result will be driven by the economic recovery as it is no longer just a statistical rebound but real growth," Graham noted.
He added that as of February of this year, our economy registered a growth rate of 5.2% over the same period in 2019, which was favored by the gradual recovery of formal employment.