Andina

Peru: Public investment up 273% in June, records 5 months of continuous growth

15:04 | Lima, Jul. 1.

Public investment execution totaled S/2.98 billion (around US$758 billion) in June this year, recording a nominal growth of 273.92% compared to the same month in 2020 (S/797 million or US$202 million), the Ministry of Economy and Finance (MEF) reported on Thursday.

The amount of public investment in June 2021 marks a historical record and is higher than those reported in June 2019 (S/2.79 billion or US$710 million), 2018 (S/2.41 billion or US$615 million), and 2017 (S/1.98 billion or US$505 million).

Thus, public investment execution has recorded 5 months of continuous growth, after a slight drop of 1.7% in January this year.

The execution of public investment at the national government level reached S/1.27 billion (about US$324 million) in June, up 254.32% from the same month in 2020 (S/360 million or US$91.6 million).

Meanwhile, public investment execution by regional governments amounted to S/513 million (around US$130 million) in the 6th month of the year, a 244.84% rise over June last year (S/148 million or US$37.8 million).

On the other hand, the amount of public investment executed by local governments in June was S/1.19 billion (about US$303 million), posting an expansion of 313.42% compared to the same month in 2020 (S/288 million or US$73.3 million)

From January to June, public investment totaled S/15.7 billion (around US$4 billion), a 129.91% rise over the same period in 2020, when it amounted to S/6.86 billion (about US$1.74 billion).

So far this year, public investment execution has been as follows: January (-1.7%), February (18.7%), March (132%), April (161%), May (484%), and June (273%).

It should be pointed out that public investment execution in 2020 reached S/28.3 billion, in a year when most economic activities were affected by the COVID-19 pandemic.

(END) CNA/JJN/RMB/MVB

Published: 7/1/2021
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