Peru's Fin Min: Public investment registers record execution rate in Oct
Photo: ANDINA/ Presidency of the Republic
After several months of decline, public investment registered a record execution (+6.6%) in October 2020 and even exceeded the figures reached in the same month during the last decade, Peruvian Economy and Finance Minister Maria Antonieta Alva highlighted on Monday.
Published: 11/2/2020
According to the high-ranking official, last April her sector launched the monitoring and technical assistance strategy to offset the fall in public investment linked to the COVID-19 pandemic.
"These have been months of intense work, in which teams from the Economy and Finance Ministry have been deployed, so far, to 23 regions of the country, making field visits to different projects in order to monitor the progress of works and provide technical assistance for their development," she wrote on Twitter.
At the end of October 31, National Government institutions executed public investment worth S/1.468 billion (about US$406 million), followed by regional and local governments, with S/745.8 million (about US$206 million) and S/1.437 billion (about US$397 million), respectively.
Thus, total public investment execution amounted to S/3.651 billion (about US$1.009 billion) during this period.
In the tenth month of 2020, Apurimac, Puno, and Tacna regions registered the highest accumulated budget execution, while —at the local government level— the Municipalities of Apurimac, Cusco, and Tacna also recorded the highest execution at cumulative public investment levels.
"Public investment is not only an accelerator of economic reactivation; if efficiently executed, it contributes to closing gaps for the benefit of citizens; that is why we will continue joining entities to boost the efficient use of public funds," she concluded.
Cerramos octubre con una noticia alentadora. Luego de varios meses a la baja, la inversión pública registró récord de ejecución (6.6%), e incluso superamos las cifras alcanzadas en el mes de octubre de la última década. pic.twitter.com/qOH1d1e12f
— María Antonieta Alva Luperdi (@ToniAlvaL) November 2, 2020
(END) MVB
Published: 11/2/2020
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