The Minister of Economy and Finance, Alex Contrerasinformed that the Peruvian Government will seek to expedite and reduce procedures for mining exploration and exploitation, according to the conclusions obtained during the most important mining convention in the world, PDAC 2023, organized in Canada. In a dialogue with Radio Nacional, the head of the MEF stated […]
Tag: alex contreras
MEF on recognition bond: “It will put an end to the National Pension System”
A few weeks ago, the Congressional Commission on the Economy, Banking, Finance and Financial Intelligence insistently approved the opinion that seeks to update the recognition bonus to the contributors and exporters of the Pension Standardization Office (ONP). Thus, everything was ready to be discussed in plenary. Given this, the Ministry of Economy and Finance (MEF) […]
The economy will grow less than 1% in February, forecasts the MEF
During January the Peruvian economy fell 1.12%, mainly affected by the sociopolitical crisis since the arrival of Dina Boluarte to the government. Despite the climate emergency caused by Cyclone Yaku, the Ministry of Economy and Finance (MEF) assures that the impact will not be so pronounced. Alex Contrerashead of the MEF, anticipated that in February […]
MEF: More than US$68 billion will be invested this year in major works
He Ministry of Economy and Finance (MEF) reported this Wednesday that, for this year, there are 123 projects that represent a total investment of more than US$68,000 million, 28% of the GDP of 2022. The progress of these initiatives — scheduled for sectors such as transportation, communications, sanitation, electricity, hydrocarbons, mining and others — is […]
MEF: Ruling of the Constitutional Court benefits large evading companies
Blow to the treasury Sunat and the Fiscal Council have also questioned the sentence that ignores the millionaire accumulated interest. According to the Ministry of Economy, more than S/27,000 million of disputed tax debt belongs to big industry. The sentence of Constitutional Court (TC) that retroactively prohibits the application of default interest once the legal […]
MEF: New AFP withdrawal would affect the reform of the pension system
“What reform are you going to do if there are no funds?” said Minister Alex Contreras. Executive will present this month its strategy to renew the pension model. The head of the Ministry of Economy and Finance (MEF), Alex Contrerasurged Congress to put an end to any initiative that authorizes a new withdrawal of funds […]
MEF: Public investment reached S/3,141 million as of February of this year
The National Government registered S/1,860 million so far this year, which involves 59.2% of the entire amount executed. Between January and February 2023, the execution of public investment reached S/3,141 million, one of the highest levels recorded in the first month of the year. Likewise, this amount represents 5.6% of the annual modified institutional budget […]
Peruvian economy would grow 3.1% this year, according to the MEF
Expectations. Private investment is expected to pick up 3% after a “pretty mediocre” decade. There are 16 projects in Proinversión for US$3,000 million to boost GDP. Stable commodity prices and a Chinese recovery will also help. After growing less than expected in 2022, the Ministry of Economy and Finance (MEF) estimates that this year the […]
MEF expects GDP growth of 3.1% in 2023 with the award of 16 projects for US$3 billion
In addition to the new Proinversión portfolio, Minister Alex Contreras highlighted that metal prices today are reaching unforeseen peaks during his last projection, so they expect “favorable conditions and above expectations” for economic recovery. The Minister of Economy and Finance, Alex Contrerasstated that this year a growth of the Peruvian economy is expected to be […]
MEF on TC ruling that favors delinquent companies: “We are going to defend the rights of Peruvians”
Minister Alex Contreras stressed that the S / 12,000 million that would be lost in favor of the country’s large debtor companies would serve to reactivate Peruvian agriculture up to twelve times. The Minister of Economy and Finance, Alex Contreras, reiterated its rejection of the recent ruling of the Constitutional Court (TC) that prohibits the […]