The National Government registered S/1,860 million so far this year, which involves 59.2% of the entire amount executed.
Between January and February 2023, the execution of public investment reached S/3,141 million, one of the highest levels recorded in the first month of the year. Likewise, this amount represents 5.6% of the annual modified institutional budget (PIM) allocated to only projects, which amounts to S/55,885 million, reported the Ministry of Economy and Finance (MEF).
“Public investment is breaking records and in February it already reached S/3,141 million, ranking above what has been invested in the last four years and above levels pre-pandemic“, highlighted the head of the sector, Alex Contreras.
In detail, the Government registered S/1,860 million so far this year, which involves 59.2% of the entire amount executed. Meanwhile, the regional government reached S/516 million, while the local government reached S/766 million as of February 28, 2023.
Only in February, public investment amounted to S/2,230 million, which meant a growth of 29.3% compared to the similar month of 2022 when it achieved S/1,725 million, according to the MEF.
Breaking down the detail of the execution of February, the investment of the regional government increased by 20.9%. The provinces that lead the investment ranking are Moquegua, Amazonas and Ica.
Meanwhile, local government investment fell 2% in February. The municipalities that carried out the least execution were Madre de Dios, Pasco and Apurimac.
Source: Larepublica
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