Public investment at national government level grew 20% in May 2019 compared to the same month the year before, Peru's Economy and Finance Ministry (MEF) has informed.
"This result was underpinned by the dynamic transport-communications, agriculture, and education sectors, which had a positive variation of 32%, 134%, and 16%, respectively, over May 2018," said the ministry's staff members.
Likewise, between January and May this year, the execution of
public investment projects —at national, regional, and local government levels— totaled S/8.573 billion (about US$2.543 billion), amount lower by 6.6% from the same period in 2018.
"Only in May, S/1.861 billion (about US$552 million) was executed," MEF stated.
Regional and local governments
Also in May, the regional governments that saw the most dynamic growth were Piura (62%), Arequipa (63%), Loreto (29%), and Ucayali (73%).
For their part, local governments invested S/574 million (around US$170 million), being the ones with the lowest execution rate.
(END) MDV/RMB/MVB
Published: 6/3/2019