Economy and Finance Minister Alex Contreras on Tuesday affirmed that the protests taking place in various regions across Peru are costing between S/60 million (US$15.6 million) and S/100 million (US$26.1 million) per day.
"The estimated daily impact of what demonstrations cost is between S/60 million (US$15.6 million) and S/100 million (US$26.1 million)," he said in an interview with TV Peru.
"That implies less income for families because family members cannot go to work. There are companies whose sales have come to a halt, and there are fewer resources for regions because contributions, income tax, and canon have reduced, in addition to the confrontations among Peruvians," the minister stated.
Contreras believes that
protests will have
moderate impact on this year's economic growth, considering that just a bit more than two weeks are left until the end of 2022.
"Only 15 days are left for this year to end, and there will be a moderate impact on the growth of the economy; however, I think there are other effects that must be avoided, such as the impact of expectations, which have remained negative," he said.
December, a very special month
Nevertheless, the Cabinet member remarked that December has special dynamics and companies expect an improvement in their sales.
"December is a very special month for companies because there is considerable movement (of people) and higher sales. So, it is important that economic activities return to normal," the government official explained.
"Many businesses are in debt and hit. Besides, they have to settle debts and pay wages," he added.
(END) CNA/JJN/RMB/MVB
Published: 12/13/2022