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BCRP: Public investment will remain at 0% during 2023

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During the first half of this year, public investment fell 5.1%. Meanwhile, for the second half, a rebound of 7.2% is estimated; with which this indicator — which reflects the use of State resources for the provision of services and infrastructure construction — would grow 2.1% at the end of 2022, according to the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde.

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In that sense, he explained that, by 2023, public investment is expected to remain at 0%. This, despite the reactivation programs promoted by the Government.

“Next year we do expect 0%. Although public investment association measures have been announced that will help, it would be to compensate for the drop in investment in local and regional governments,” said the banker.

Velarde added that The null growth is explained by the fall in investments after the arrival of new authorities after a year of municipal and regional elections.

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Thus, this factor would offset the higher spending due to the acceleration measures and the unlocking of public investment.

Source: Larepublica

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