MEF announces transfer of additional S/500 million to address the emergency in Piura

The Minister of Economy and Finance, Alex Contrerasannounced the transfer of an additional S/500 million to address the emergency caused by landslides in the Piura region, in addition to technical assistance mechanisms so that the new subnational governments can expedite remediation works.

In dialogue with RPP Noticias, the minister said that the MEF has been quite clear, and that all support has been given to regional and local governments for the execution of their budget. Therefore, “a series of measures that will be given throughout the week” have been announced.

Regarding the use of resources to deal with the emergency, Contreras said that “there has been a lack of capacity,” given that most are local governments with little experience. For this reason, technical teams have been assigned to train them, “because they don’t know how to spend.”

“Right now, the budget that both regional and local governments (in Piura) have to attend to the emergency is around S/850 million and what we are going to do is inject additional S/500 million,” Contreras said.

Finally, the minister assured that, between today and tomorrow, an emergency decree will be published that will inject additional resources to regional and local governments.

“We are not going to skimp on spending the money that is necessary for Piura,” he added.

MEF: technical assistance to Piura

Through its social networks, the MEF recalled that the regional government and local governments of Piura have a Modified Institutional Budget (PIM) for “Vulnerability Reduction and Emergency Disaster Response” of more than S/94 million. However, to date the PIM execution progress is 13%.

Of this item, corresponding to budget program 0068, the regional government has S/54.9 million and an execution level of 10.6% (S/5.8 million). Local governments have more than S/39 million, with an execution level of 17.3% (S/6.8 million).

“We call on the regional government and local governments of Piura to execute their resources and meet the needs resulting from the emergency. From the MEF the total availability to transfer the necessary resources, thus providing the required technical assistance,” said Contreras.