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Peru's President: Gov't will continue to manage public finances responsibly

Photo: ANDINA/Presidency of the Republic of Peru

Photo: ANDINA/Presidency of the Republic of Peru

14:43 | Lima, Jan. 12.

The President of the Republic Pedro Castillo on Wednesday affirmed that the Government will continue to manage public finances responsibly, placing emphasis on economic revival and on how to meet the needs derived from the current pandemic.

The Head of State remarked that the country's savings were recovered in the Fiscal Stabilization Fund, thanks to the economic revival and the prudent fiscal management of the Government.

The country's top official stated that more than S/18 billion (about US$4.58 billion) will be injected into said fund, thus exceeding pre-pandemic levels.

"With the utmost commitment, always in favor of the most vulnerable, our Government will continue to manage public finances responsibly," he emphasized.

Mr. Castillo on Wednesday led a new session of the Council of Ministers, in which various agreements were adopted to face the COVID-19 pandemic and boost the economic reactivation, among others.

(END) VVS/CVC/RMB/MVB

Published: 1/12/2022
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