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Peru's President: Public Investment registers highest level in 11 years

Photo: ANDINA/Presidency of the Republic

16:02 | Lima, Mar. 5.

The President of the Republic Francisco Sagasti on Friday underlined the fact that public investment reached S/3.159 billion (about US$865.2 million) in February, being the highest execution figure in the recent eleven-year period.

While attending the swearing-in of the new Board of Directors of the National Assembly of Regional Governments (ANGR), the Head of State stressed that

joint efforts allow the nation to move towards the path of economic recovery.

"Public investment reached S/3.159 billion in February, being the highest execution in the last eleven year," Mr. Sagasti highlighted.

"Not only the efforts of the Presidency of the Council of Ministers, the MEF (Ministry of Economy and Finance), and regional governments are allowing us to start walking the road of recovery with a firm footing and in a continuous manner," he added.

The top official also recalled that last Thursday —by means of a Supreme Decree— the Executive Branch authorized the exceptional use of the resources from canon, over-canon, mining royalties, and the Camisea Socioeconomic Development Fund for the Fiscal Year 2021.

"The objective is to stimulate the provision of services and investments by you, regional governors, and that this can be used to reactivate the economy, as well as to face the pandemic," he said.

President Sagasti was accompanied by Prime Minister Violeta Bermudez during the swearing-in ceremony.

Ayacucho Region Governor Carlos Rua was elected Chairman of the National Assembly of Regional Governments (ANGR). He is joined by Apurimac Governor Baltazar Lantaron (Deputy Chairman) and Tacna Governor Juan Tonconi (Secretary).

Presidente @FSagasti: De enero a febrero de este año, la inversión pública alcanzó S/ 3 159 millones, siendo la ejecución más alta en los últimos 11 años. El esfuerzo de todos nos está permitiendo seguir por el camino para reactivar la economía. pic.twitter.com/QmiqzXs3uL
— Presidencia del Perú ???? (@presidenciaperu) March 5, 2021

Presidente @FSagasti: Estamos comprometidos en recuperar nuestra economía y dejar una economía sana para el próximo gobierno que asumirá en menos de 5 meses. pic.twitter.com/6Z5Xp8xasj
— Presidencia del Perú ???? (@presidenciaperu) March 5, 2021

(END) CVC/MVB

Published: 3/5/2021

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Peru's President: Public Investment registers highest level in 11 years

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