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Peru: Public investment up 18.6% in 1H 2018

18:22 | Lima, Jul. 2.

Public investment totaled S/11.59 billion (about US$3.55 billion) in the first half of 2018, leading to an 18.6% growth in real terms (and 19.6% in nominal terms) with respect to the same period in 2017.

Said rate is the highest registered in the first semesters of the last four years.

Between January and June 2018, the greatest execution was led by local governments with a total of S/5.43 billion (about US$1.66 billion), a real growth of 29.7%.

Meanwhile, the national government executed S/4.04 billion (US$1.23 billion), up by 11.8% from the previous year. It was followed by regional governments with S/2.12 billion (US$650 million; +7.3%).

"This execution, together with the measures aimed at boosting investment that have been implemented to provide more resources and speed up execution, will enable us to meet the objective of achieving a 17.5% growth in public investment by the end of 2018," Peru's Economy and Finance Minister Carlos Oliva said.

(END) RGP/RGP/JAA/MVB

Published: 7/2/2018
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