Peruvian President Martin Vizcarra on Monday urged local governments to implement the 2020 budget more effectively and transparently, prioritizing the quality of spending on social impact projects for the benefit of the population, oriented towards closing gaps and eliminating disparities in the provision of services.
However, he underscored that over S/20 billion (around US$6.016 billion) was transferred to local governments.
"Despite the important investment, more than S/7 million was not spent. We have to do a better job in order to achieve the objective of increasing the budgetary spending," he stated.
In this sense, he called on authorities to implement the budget promptly and not to wait to start projects and works.
"We cannot wait until the last quarter of the year to work on its implementation. We have to do it from the beginning," he stated.
According to the Peruvian leader, the Central Government executed 76.1% of its budget in 2019, while regional governments spent 59.2% and local governments 61.7%, making an average of 66.5% of the execution.
Therefore, he urged authorities to achieve implementation rates of over 80% and to execute the budget in an appropriate manner.
Published: 1/13/2020