on Friday projected that public investment execution will mark a historical record level this year, which will be joined by greater private investment dynamism,
The Cabinet member indicated that public investment execution this year will amount to S/36 billion (about US$9 billion) —a record never achieved before.
"We are confident that it will remain this way next year," the minister expressed.
"We agree that private investment is essential," he added in remarks to RPP radio and TV station.
Oil prices
Moreover, the minister affirmed that, although the rise in oil prices has caused worldwide concern, there are countries with inflation rates higher than ours. In this sense, the analysis indicates that it is a temporary phenomenon.
"It is not a good response to control prices, and the best we can do is help people; we have also created jobs. The
Yanapay Peru government grant has been delivered and we are delivering a labor grant," Francke noted.
"We try to ensure that the response is neither populist nor arbitrary. Price control is ruled out," he added.