presents a growth of 7.6% compared to the Initial Opening Budget approved for 2021.
"This is the largest increase in recent years, because we have fiscal space for doing so," he said during a press conference.
The high-ranking official explained that the basis for this increase is that ordinary resources will increase. It means that tax revenues will rise, which is what provides the Government with a greater margin.
"We anticipate that it will expand by S/19 billion (about US$4.66 billion) next year," he explained.
Fiscal deficit
The economist also explained that —given the deficit reduction policy— no more debt is needed.
"That is why the income from the so-called credit operations is reduced as we do not want to go into so much debt," he said in his presentation.