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Peru President: 2019 General Budget to be more decentralized

00:07 | Lima, Sep. 22.

The Government of Peru is making every effort to develop a more decentralized General Budget for 2019 to secure the progress of large-scale projects across the country, President Martin Vizcarra affirmed.

According to the Head of State, budgetary allocations for major works will be transferred directly to regions and districts with the purpose of ensuring their implementation.

"We'll make an effort to develop a more decentralized 2019 budget so that resources are allocated directly to the regions for important projects," he stated.

Vizcarra reported that S/10 billion (about US$3 billion) has been transferred to regional and local governments over the first six months of his administration to unlock projects.

Likewise, he claimed the general budget will place emphasis on educationone of the Executive Power's priorities.

The Peruvian leader insisted on the need to bring central, regional, and municipal governments together in order to secure an orderly administration, as well as set new goals and priorities.

Peru's top official reiterated his commitment to working hand-in-hand with regional and local authorities so as to consolidate the country's development.

Remarks were made during the closing of Regional Development Agencies' International Seminar "Creating Development from the Regions."

(END) CVC/CCR/RMB

Published: 9/22/2018
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