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Peru: Public investment execution up 28.41% in Nov 2020

17:27 | Lima, Dec. 1.

Public investment execution totaled S/3.88 billion (around US$1.07 billion) in November this year, recording a nominal growth of 28.41% compared to the same month in 2019 (S/3.02 billion or US$837 million), the Ministry of Economy and Finance (MEF) reported on Tuesday.
 
Thus, public investment execution marked two straight months of expansion, considering it grew 6.6% in October this year. 

The execution of public investment at the national government level reached S/1.51 billion (about US$418 million) in November, up 13.9% from the same month in 2019 (S/1.32 billion or US$367 million).

Meanwhile, public investment execution by regional governments amounted to S/804 million (around US$222 million) in the 11th month of the year, an 18.18% rise over November last year (S/681 million or US$188 million).

On the other hand, the amount of public investment executed by local governments in November was S/1.56 billion (about US$434 million), posting an expansion of 54.16% compared to the same month in 2019 (S/1.01 billion or US$281 million)

In-depth analysis of executed amount

Public investment execution totaled S/20.6 billion (around US$5.71 billion) between January and November, down 20% compared to the same period last year.

The execution of public investment throughout the year registered the following rates: 90.1% (January), 38.9% (February), -25.7% (March), -59.1% (April), -72.7% (May), -71.5% (June), -46.8% (July), -18.2% (August), and -0.5% (September).

It should be pointed out that the execution of public investment reached S/32.288 billion in 2019, which exceeded the amount reached in 2018 (S/32.284 billion or US$8.943 billion).

Likewise, public investment recovered in 2017 and grew 8.7%, after two years of contraction, to S/28.4 billion (around US$7.86 billion).

(END) CNA/JJN/RMB/MVB

Published: 12/1/2020
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