The general government investment registered growth of 17.3% year-on-year in February of this year. This is due to the increased execution of projects and activities by the national government, and to a lesser extent by regional governments, reported the Central Reserve Bank of Peru (BCRP).
The monetary authority detailed that in the second month of the year the investment of the general government was S/2,061 million compared to S/1,756 in the same month of the previous year.
“Investment by the national government for the month increased by 34.8% in relation to February last year. In regional governments, spending on gross capital formation increased by 21.4% year-on-year; while in local governments it observed a fall (-2.2%),” said the BCRP.
In addition, he explained that the accumulated investment of the general government in the first two months of this year grew 14.3%. This as a result of the higher level of spending by the national government, which increased by 42.7%. In the first two months of last year, the amount committed was S/2,569 million, while this year it reached S/2,937 million.
Source: Larepublica
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