The nominal investment of the general government increased by 5.9% year-on-year in September, due to the higher spending accrued by the national government and, to a lesser extent, by regional governments, reported the Central Reserve Bank of Peru (BCRP).
In September, national government investment increased by 35.5% year-on-year. In regional governments, spending on gross capital formation expanded by 1.2%, compared to the same month in 2022, and investment by local governments decreased by 13.1% year-on-year.
By groups of projects and activities, the increase in spending on gross capital formation corresponded to the “rest” group of projects and activities (10.3%).
As of September, general government investment grew by 3.7%
Likewise, in the period from January to September 2023, the investment of the general government increased by 3.7%, due to the greater execution of spending by the national government and regional governments, by 20.7% and 8.2%. %, respectively.
According to groups of projects and activities, the increase in spending on gross capital formation corresponded to Reconstruction (4.5%), particularly within the framework of the Government-to-Government agreement with the United Kingdom, and to the “rest” of projects and activities (5.4%).
Source: Larepublica
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