Andina

Peru's President: Record public investment registered in October

Photo: ANDINA/Presidency of the Republic

11:25 | Lima, Nov. 2.

The President of the Republic Martin Vizcarra on Monday announced that record public investment was registered in October. Thus, he congratulated the country's municipalities for having achieved the execution of various projects aimed at benefiting their populations.

The Head of State affirmed that this good news comes at a time when the country is facing the COVID-19 pandemic.


"The pandemic has hit the economy, investment and employment, not just people's health and lives. Improving the economy was a hard task, and one way to improve it is through public investment," he added.

The top official recalled that the investment rate in March was negative. However, it improved in the following months. In this sense, he said "it is already positive, and it became a public investment record in October."

"There had never been so much public investment as in the past month. I want to congratulate the three levels of government: the ministries, regional governments, and municipalities, but mainly the municipalities, because the latter have beaten the execution record," he underlined.

The statesman said that —thanks to the country's municipalities— the increase in public investment was achieved supported by the transfers for programs such as Arranca Peru (Get off the Ground, Peru) intended to reactivate the national economy.



(END) JCC/CVC/MVB

Published: 11/2/2020