The public sector will mark a record execution at the end of 2021. According to the latest estimate of the Minister of Economy and Finance, Pedro Francke, this will reach S / 36,000 million, 19% more than his previous forecast of S / 28,543 million a October, and 58% more than that achieved in 2019. In addition, he stressed that private investment will also score a record.
In dialogue with RPP, Francke reiterated that, at the end of this year, the Peruvian economy will grow at a rate of 13%, although catapulted by the rebound effect, as he acknowledged. This is in line with the forecast of the BCRP, which reassessed GDP growth by 13.2% two weeks ago.
“This year, we estimate that public investment will end up at around 36,000 million soles, a record never achieved. It has been quite good and we are confident that next year it will continue like this ”, he assured.
:
Along these lines, he argued that about 90% of governments in the last 20 years have requested tax powers, which, historically, have been delivered in no more than 27 days, “and that time has passed.” Given this, he pointed out that the process is perfectible in time.
“It is a complex matter. Sometimes a word or detail can have negative consequences. Whenever there is this, Congress has the power to modify or repeal the law. Our effort is the agreement with the banks. Some say ‘we are afraid that this will be done’, let us then put in law that such a thing cannot be done, perfect, “he said.
No to price control
On the other hand, the head of the MEF ruled out that the international context of inflation and volatility of the oil barrel could precede new policies of price controls from the Peruvian government.
:
In this sense, Francke Ballvé stressed that they have only given way, eventually, to include fuels such as BX diesel and LPG in the Stabilization Fund, as well as in the purchase of fertilizers for producers of family agriculture.
“It is not a good answer to control prices. We can do something there, but the best answer is to give people help – that’s why our bonuses – and jobs (…). Price control is something out of the question, we are yielding a bit with the Stabilization Fund (LPG subsidy) and the purchase of fertilizers, but the blow (to the economy) has been very strong, ”he said.
RMV increase
In another time, Minister Francke also ruled out that an increase in the minimum living wage (RMV) is on the MEF’s short-term agenda, for which he defended the delivery of bonds to alleviate the economic situation of many families, always in consideration of the recommendations of organizations such as the IMF.
:
“We see a difficult situation worldwide and we try to give an answer that is not populist or arbitrary, like saying that we are going to set a price that is not what the market allows. I understand people’s concern, but that is not the way ”, he affirmed.
MEF: economy gallops alongside faculties
The minister Pedro Francke He also referred to the new collection scheme. In dialogue with Andina, he insisted on “closing the doors” to the tax exemptions that are proposed without further study, as well as unjustified deductions, such as those in the insurance sector.
It also considered that the proposal to tax virtual platforms, such as Netflix, responds to comply with a tax scheme already set for everyone.
:
He asked for greater speed to obtain good suppliers from the State to guarantee the execution of public spending.
Data
Dynamism. As of the third quarter, public investment shows a growth of 53%.
Spending. The public budget for next year amounts to S / 197,002 million, which represents 7.6% more compared to 2021.
:
.
Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
