Public investment execution totaled S/22.5 billion (around US$6.73 billion) in the first ten months of the year, up 1.5% compared to the same period last year (S/22.2 billion; around US$6.63 billion), the Economy and Finance Ministry (MEF) has reported.
MEF also said that public investment amounted to S/3.28 billion (about US$979 million) in October, an 8.1% decline over the same month in 2018 (S/3.57 billion; around US$ 1.06 billion).
It should be noted that public investment has seen a volatile performance throughout the current year: January (-6.2%), February (-29.2%), March (15.4%), April (22.6%), May (-30.6%), June (15.6%), July (-6.2%), August (19.7%), and September (8.0%).
Regional governments
Meanwhile, public investment execution totaled S/641 million (around US$191 million) and S/997 million (about US$297 million) at regional and local government levels, respectively.
The national government has led public investment execution (S/9.61 billion; US$2.87 billion) so far this year, followed by local governments (S/8.73 billion; about US$2.6 billion) and regional governments (S/4.2 billion; about US$1.25 billion).
(END) RGP/RMB
Published: 11/1/2019