The Minister of Economy and Finance, Alex Contreras, reported that the bill to simplify the tax regime for MSEs will be ready next November. During the awarding of the Enlace 500 kV Huánuco-Tocache-Celendín-Trujillo and Enlace 500 kV Celendín-Piura projects, in charge of Proinversión, the head of the MEF said that his management has been characterized […]
Tag: alex contreras
MEF rules out granting a targeted bonus to vulnerable families in the face of economic recession
The Minister of Economy and Finance, Alex Contreras, indicated that, as part of the measures to promote economic recovery, the Government has planned to strengthen temporary employment programs in November and December. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Wednesday, October 25? […]
What are the bonds approved by the State and who will be the beneficiaries?
This Friday the expansion of the public budget for this year via supplementary credit was made official. With these resources, the government of Dina Boluarte seeks to boost economic activity in the face of global El Niño. In an interview for La República, the Minister of Economy and Finance, Alex Contreras, pointed out that the […]
Bonus of S/600 to public workers will be paid in November, states the MEF
After the Plenary Session of Congress approved the law that authorizes supplementary credits for the financing of higher expenses associated with economic reactivation, the Government This Friday, October 27, the norm was made official through its publication in the official newspaper A Peruvian man. In this way, everything is ready for the new measures included […]
Minister of Economy: “October is coming a little better than September”
After having admitted that Peru is in a recession, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, gave an interview to The Republic and pointed out that this new scenario is due to the fact that there was a “deviation” in the economic projections for July and August, months in which […]
Fitch Ratings maintains a negative outlook for Peru due to political uncertainty
In addition, together with the “further deterioration” of governance, they hamper private investment and affect the potential for economic growth, according to the agency. MEF says it is not the fault of Dina Boluarte’s management. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this […]
Sales in restaurants fall by up to 40%
The recession that Peru is going through is already being felt in the various economic activities, one of them being restaurants, which, after having been a sector hit hard by Covid-19, managed to reactivate; However, the low dynamism of the national economy has begun to have an impact on gastronomic businesses. And since April of […]
Economic recession would worsen in 2024 after El Niño hit
The announcement of a recession in the Peruvian economy by the Ministry of Economy and Finance (MEF) has only confirmed the progressive deterioration that had been noted for almost a year and that could degenerate a de-escalation of the GDP until 2026 with the extenuating El Niño (FEN) knocking on the door. Unlike previous presentations, […]
MEF recognizes that the Peruvian economy is in recession
When in July of this year several economists and former ministers of State warned that Peru had entered a recession, after having recorded two consecutive negative quarters, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, came forward and ruled out that this scenario has occurred. “There is a group of economists […]
Minister of Economy admits that Peru is in recession: “I have no doubt”
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, recognized that Peru is going through a recession. This, after a drop of 0.63% was observed in August and accumulated a decline of 0.58% so far this year, according to official figures from the National Institute of Statistics and Informatics (INEI). “At no […]