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Why did Puno receive a historic amount for mining canon for this 2022?

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So far this 2022, the national government has made transfers to regional governments, resources that come from the mining canon as a result of the operations that are carried out in the country. Precisely, a figure that has attracted attention is the one that the Puno region will receive.

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This is a historical amount for Puno. Only last year he received S / 114.5 million; however, for this 2022, the figure rose to S/ 525.8 million, that is, almost five times more. And if we take into account the history of the last five years, according to the Economic Transparency portal of the Ministry of Economy and Finance (MEF), it captured 289.1 million soles.

If we take into account the figures detailed above, indeed, the amount allocated for this year is unusual; however, in that same sense, according to the analysis in relation to the MEF reports, Puno is precisely the region that presents the lowest expenditure execution. It does not exceed 60%.

Why did the mining canon increase?

Economist Glenn Arce explains that the main reason for this increase in the canon budget is the price of minerals last year. “Gold, silver and copper are our main extractive industry exports. Last year, prices were through the roof, with historical amounts”, held.

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In this way, according to the specialist, the natural increase of the canon and royalties was generated, as well as the collection for the tax of mining windfall. “The canon that regional and local governments receive today is the product of what is collected in 2021,” he said.

The canon collected is high, according to Arce, because metal prices have not changed much. For example, the price of a pound of copper is US$3.22 in the international market; that of silver is US$18.6 per ounce; and that of gold is US$ 1,720 per ounce.

In relation to the most important works of Puno, in the 2021 they only registered three projects. In that sense, the largest work of that year was the improvement with pressurized irrigation in the Yanamayo micro-basin, in the province of Azángaro, with a cost of S/ 4 million, but it was 68% complete.

Source: Larepublica

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