Although the Economy Commission will seek to present a report to authorize a seventh withdrawal of the AFP next Wednesday the 29th —as confirmed by the president of this working group to La República—, the procedure that the initiative must follow will not allow workers to access this money at least this 2023. All scenarios […]
Tag: mef
Public Budget 2024 ready to be debated in the Plenary of Congress
After several sessions, the Budget and General Account Commission of the Republic of Parliament approved the prediction contained in the public budget bill for fiscal year 2024, which will amount to S/241,000 million and seeks to prioritize the functions of Education, Health and Transportation and Public Order and Security. The proposal received 25 votes in […]
Business confidence at its lowest level in 2023: close to 50% do not plan to increase their investments
Given the deterioration of the Peruvian economy, the Business Confidence Index reached its lowest level in 2023 with a score of 94 points at the end of the third quarter, that is, 15 points less than three months ago. According to Vistage, the one in charge of carrying out the survey, the current result is […]
Factoring would negotiate more than S/35,000 million in 2023
He factoringa mechanism that allows companies to obtain liquidity by transferring the collection of their invoice to credit, will set a new record in 2023 and will close the year with more than S/35,000 million in negotiated amountsfrom an initial bet of S/32,000 million planned by the Ministry of Production (Produce). During the III National […]
Factoring would close 2023 with more than S/35,000 million in negotiated amounts
Factoring will record a record year in 2023. Jorge Bustamante, director of Financial Instruments at Produce, reported that companies that use this financial tool will record more than S/35,000 million in negotiated amounts at the end of the current fiscal year. At the III National Factoring Congress, organized by the Peruvian Factoring Association (Apefac), Bustamante […]
EsSalud would lose S/400 million with a lower contribution from agro-exporters, they warn
Last week, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, presented the Unidos economic reactivation plan, which consists of 25 sectoral measures that seek to be implemented in the short and medium term. One of the Government’s proposals is to make changes to the agro-export regime. Thus, one of the initiatives […]
How is the seventh AFP 2023 withdrawal going and which banks support the release of funds?
A few days ago, a new bill that authorizes the extraordinary withdrawal of up to 4 UIT from AFP funds entered the documentary process of the Congress of the Republic. The initiative by parliamentarian Wilson Quispe joins 9 other legislative proposals that pursue the same goal and that, according to the president of the Economy […]
Fiscal Council: Credibility of the MEF could be affected if the fiscal rule is not complied with
The president of the Fiscal Council (CF), Carlos Oliva, warned that if the Government fails to comply with the fiscal deficit rule, set for this year at 2.4% of GDP, the Ministry of Economy and Finance (MEF) would see its credibility damaged because This portfolio ensures that the established limit will be met. “The majority […]
Everything you need to know about the return of Fonavi
On November 11, the Government promulgated Law 31928, which introduces modifications to Law 29625, responsible for the return of Fonavi funds to workers who contributed to it, to allow partial return with a charge to subsequent cancellation and recognize the right of return to heirs in the event of death. The period to regulate the […]
Will any bonuses be paid in 2024 to face the recession? This was reported by the Minister of Economy
The Peruvian economy is experiencing a recession, which is why many families are having financial difficulties paying for food and services. Given this scenario, the question arises as to whether the Government will grant new bonuses in 2024 so that households can sustain themselves on a day-to-day basis. Therefore, in the following note we detail […]