Andina

Peru: Public investment to expand above 20% in Jan 2020

14:31 | Lima, Jan. 29.

Peru's Economy and Finance Ministry (MEF) on Wednesday reported that —as at January 28, 2020— public investment totaled S/663.11 million (about US$198.83 million), which represented a nominal growth of 22.5% if compared to the entire amount executed in January 2019 (S/541.53 million = about US$162.379 million).

According to MEF, the government level that recorded the highest spending was composed of municipalities, since it went from S/36.01 million (about US$10.799 million) to S/206.45 million (about US$61.906 million) until last Tuesday. Thus, it will close January with an expansion greater than 470%.

To date, the execution recorded by regional governments reached S/116.79 million (about US$35.020 million), still below the S/159.09 million (about US$47.705 million) that was executed in the entire first month of 2019.

Within this framework, national government spending amounted to S/339.85 million (about US$101.906 million), less than the S/346.42 million (about US$103.874 million) invested in January 2019.

It should be noted that regions and the national government have a couple days left until January 31, 2020, to increase their investment levels and thus surpass the amount recorded in the first month of last year.

Impulse in January
 
It is worth remembering that a few weeks after taking the lead at the MEF, Economy and Finance Minister Maria Antonieta Alva said that her administration would work with sub-national governments to boost public investment from the first quarter of each year, taking into account that there is usually less execution in this period.

(END) RGP/MTS/MVB

Published: 1/29/2020