Peruvian Economy and Finance Minister Alex Contreras on Monday highlighted the 16% growth in public investment recorded in April this year, compared to the same month in 2022.
"This amount represents the highest level of execution for such month compared to the last six years," he said.
Moreover, the minister pointed out that, on a cumulated basis between January and April, public investment execution totaled S/10.659 billion (about US$2.8 billion), which represents a 17.5% increase from its modified institutional budget (PIM) and an accumulated growth of 16.3%.
In this regard, the Economy and Finance sector's head stressed that, in April 2023, an increase in public investment execution was reported at the three levels of government compared to the same month last year.
Thus, the execution at the National Government totaled S/1.528 billion (about US$411.7 million), up 1.1%.
Public investment execution by regional governments totaled S/676 million (around US$182.1 million), which represented a growth of 26.8%.
On the other hand, the amount of public investment executed by local governments in April 2023 was S/1.402 billion (about US$377.7 million), posting an expansion of 31.7% compared to 2022.
This translates into an upturn in public investment execution by subnational governments.
(END) NDP/MDV/RMB
Published: 5/1/2023