Although there was a change in administration at subnational level,
public investment managed to grow in 2019 totaling S/32.288 billion (around US$9.734 billion), up by S/3.294 million (about US$ 993,107) from a year ago (S/32.284 billion; US$9.732 billion),
Peru's Economy and Finance Ministry (MEF) reported.
The difference represents a 0.01% growth in nominal terms, thereby maintaining the expansion after growing 14.0% in 2018.
It should be noted that public investment fell 3.2% in 2015 (when new authorities took office).
According to MEF, the national government led public investment execution (S/13.692 billion; US$4.127 billion) this year, followed by local governments (S/12.354 billion; US$3.724 billion) and regional governments (S/6.241 billion; US$1.881 billion).
Compared to 2018, public investment execution rose 18.4% —in nominal terms—
at national government level and 1.5% at regional government level. However, investment fell 15.2% on a local government scale.
December
In the last month of 2019, public investment reached S/6.560 billion (about US$1.977 billion), a 7.1% increase —in nominal terms— compared to December 2018 (S/6.123 billion; US$1.845 billion).
During said month, the national government executed S/2.643 billion (around US$796 million), followed by local governments (S/2.588 billion; US$780 million) and regional governments (S/1.327 billion; US$400 million).
(END) RGP/RGP/RMB
Published: 1/1/2020