Public investment execution totaled S/3.035 billion (around US$742 million) in August this year, recording a nominal growth of 50.85% compared to the same month in 2020 (S/2.012 billion or US$492 million), the
Ministry of Economy and Finance (MEF) reported on Wednesday.
The amount of
public investment in August 2021 marks a historical record and is higher than those reported in August 2019 (S/2.46 billion or US$602 million), 2018 (S/2.05 billion or US$503 million), and 2017 (S/2.42 billion or US$593 million).
Thus, public investment execution has recorded 7 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/1.14 billion (about US$279 million) in August, up 50.36% from the same month in 2020 (S/758 million or US$185 million).
Meanwhile, public investment execution by regional governments amounted to S/573 million (around US$140 million) in the 8th month of the year, a 5.49% rise over August last year (S/543 million or US$133 million).
On the other hand, the amount of public investment executed by local governments in August was S/1.32 billion (about US$323 million), posting an expansion of 86.11% compared to the same month in 2020 (S/709 million or US$173 million).
From January to July, public investment totaled S/21.7 billion (around US$5.31 billion), a 111.53% rise over the same period in 2020, when it amounted to S/10.2 billion (about US$2.51 billion).
So far this year, public investment execution has been as follows: January (-1.7%), February (18.7%), March (132%), April (161%), May (484%), June (273%), and August (50.85%).
It should be pointed out that
public investment execution in 2020 reached S/28.3 billion (about US$6.94 billion), in a year when most economic activities were affected by the COVID-19 pandemic.
(END) CNA/JJN/RMB/MVB
Published: 9/1/2021