Andina

Peru PM: Gov't invests in regions to achieve economic stability, decentralization

14:58 | Lima, May. 23.

The transfers made to regional and local governments are the result of an intensive effort to promote economic stability and decentralization, Prime Minister Cesar Villanueva affirmed Wednesday.

"It is the outcome of seeking a balance, maintaining a stable and decentralized economic growth, and at the same time luring private, as well as public investments into all regions of the country," Villanueva underlined.

According to the Cabinet chief, the approach is to rely on a budget that coincides with President Martin Vizcarra's proposals to foster the Inca country's economic growth.

Within this context, he recalled that the expansion in public investment will attract the private one.

"We do not merely seek growth, but also an integrated and decentralized country," he remarked.

Villanueva went on to mention the efforts undertaken by all sectors have been intensive, particularly those by the Economy and Finance Ministry.

Statements were made during a ceremony marking the transfer of S/6.225 billion (about US$1.901 billion) to regional and local governments for the implementation of diverse projects.

(END) VVS/CCR/JAA/MVB

Published: 5/23/2018