jamie reuscheVice President and Senior Credit Officer of the rating agency Moody’sspoke with Andina regarding the ruling of the Constitutional Court (TC) that prohibits Sunat from applying default interest after the legal term to resolve an administrative appeal expires, and argued that “it complicates the fiscal management of the country.”
The representative of the international rating agency stated that ruling 03525-2021-PA/TC is a decision that affects tax compliance and complicates the scenario for the Ministry of Economy and Finance (MEF).
“The ruling adds an element that complicates the country’s fiscal management and creates yet another challenge for the MEF to maintain balanced fiscal policy,” he said.
In this sense, Reusche said he was confident that the MEF authorities would find measures that would somewhat compensate for the possible effects of the ruling, in what he considered “an unnecessary challenge, especially when trying to fine-tune public accounts.” .
“It is one more dish that the MEF has to juggle when it is already doing it with all the dishes, and yet it maintains total credibility with external and internal economic agents,” he stressed.
Next, the Moody’s analyst argued that the fiscal management applied by the Executive does not put the rating at risk, “on the contrary, it gives it solidity”.
“It is the political part that has hit the rating picture. Furthermore, political risks persist despite the efforts of the economic authorities to resume growth and maintain the country’s credibility,” he said.
Source: Larepublica
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