The Minister of Economy and Finance, Alex Contreraspointed out this morning that an eventual seventh retreat of the Pension Fund Administrators (AFP) would have a detrimental impact on the pension system reform efforts that are underway with proposals from Congress and the Executive. The head of the MEF emphasized that there are two fundamental concerns […]
Tag: mef
Civil construction workers’ wages will increase by 5.25%
After nationwide mobilizations by civil construction workers demanding better salaries, an agreement was finally reached with the Peruvian Chamber of Construction (Capeco). Thus, an increase was established in the basic daily wage of S/4.20 for operators, S/3.30 for officers and S/3 for laborers. In this way, an increase of 5.25% is achieved in the three […]
Public sector salary increase: who will benefit and how much is the increase?
In July 2023, the Centralized Collective Agreement 2023-2024 was signed between leaders of five state union confederations and representatives of the Executive power. In this it was agreed pay rise of public sector workers, which is reflected in the public budget supported by the President of the Council of Ministers, Alberto Otárola, and the head […]
The Executive Branch will take the Recognition Bond before the Constitutional Court
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, announced that next week a lawsuit will be filed with the Constitutional Court (TC) against the Recognition Bond Law, which was approved by the Congress of the Republic at the insistence . The norm was promulgated in April of this year and provides […]
Public budget for 2024 includes salary improvements for 580,000 state workers
As established in the Centralized Collective Agreement 2023-2024, signed between representatives of the Executive Branch and leaders of the five state union confederations, the public budget for fiscal year 2024 incorporates salary improvements for 582,000 state workers. Thus, the public budget project presented by the Executive Branch includes S/270 million so that collective bargaining can […]
Executive supported the public budget for 2024 before the Plenary of Congress
This Wednesday, September 6, the President of the Council of Ministers, Alberto Otárola, and the Minister of Economy and Finance, Alex Contreras Miranda, appeared before the plenary session of the Congress to support the public budget bills for 2024, which amounts to S/241,000 million, 12% more than this year, and represents the highest growth in […]
Association of Marine Restaurants to the MEF after asking to replace the ceviche: “Our flagship dish is irreplaceable”
The statements by the Minister of Economy and Finance, Alex Contreras, about replacing ceviche with chicken saltado, rice with seafood or squid pork rinds raised various questions from diners and gastronomy businessmen, who are affected by the rise in prices. lemon prices and other inputs used to prepare this emblematic dish. To address this issue, […]
Economy Commission insists that mypes have funds from their withdrawal accounts
With 16 photos in favor, 3 against and 3 abstentions, the Economy, Banking, Finance and Financial Intelligence Commission approved this Wednesday, September 6, the insistence on the opinion —which had been previously observed by the Executive Power— that proposes the free disposal of funds from deduction accounts to strengthen the financial capacity of micro and […]
Chancay Megaport: what is your progress and when will this project be inaugurated?
The Chancay Multipurpose Port Terminal, which is being built by the Chinese company Cosco Shipping, is one of the most anticipated infrastructure projects in the industrial sector, as it will enable trade between Peru and Asia. Its investment amounts to US$3.6 billion and will generate thousands of jobs, according to the Executive Branch. Below, we […]
AFP in favor of opening the market to lower commissions
In Peru, it is questioned whether the market for AFP It is oligopolistic, because in the 30 years that the private pension system has existed, there are only four companies in charge of managing the funds of 8.9 million workers: AFP Integra —which concentrates the majority of affiliates—, Profuturo AFP, Prima AFP and AFP Habitat […]