After the national economy registered a fall of 0.63% in August, and thus accumulated a decline of 0.58% in the first eight months of the year, everything indicates that the macroeconomic projections for the end of 2023 would have a new downward bias, where the most optimistic forecast is currently that of the Ministry of […]
Tag: mef
MEF announces measures for formalization
In the last session of the Special Commission for Monitoring the Incorporation of Peru in the OECD (CESIP), which took place last October 3, the Minister of Economy and Finance, stated that different measures would be being worked on to combat the problem of informality, an aspect in our country that has been becoming increasingly […]
GDP falls for the fourth consecutive month: -0.63% in August
The INEI figure confirms what was anticipated by the Ministry of Economy and Finance (MEF): the eighth negative month. Thus, GDP fell 0.63% in August and accumulates a decline of 0.58% so far this year (see infographic). The sectors that explain the monthly contraction are construction (-9.57%), financial (-9.68%), manufacturing (-4.11%), agriculture (-4.05%), telecommunications (-2.35 […]
Swiss investments in Peru by 2024 exceed US$80 million
In 2010, Peru agreed to an FTA with the European Free Trade Association (EFTA), of which Swiss is a member. Since then, trade relations between both countries have been increasing in the last 10 years. Currently, there are 62 projects with an investment that exceeds US$80 million for a period of 4 years from 2021-2024, […]
Betting houses will leave more than S/162 million in taxes each year
Starting in February 2024, all companies and technological platforms that offer remote gaming and sports betting services They must pay 12% of their net profitafter the Ministry of Foreign Trade and Tourism (Mincetur) complied with publishing the regulations of law 31557, which regulates this activity. In this way, the Peruvian Government seeks to attract resources […]
Half a million members preferred to withdraw 95.5% of their AFP rather than a pension
Around half a million AFP members chose to withdraw 95.5% of their pension savings instead of collecting a monthly pension in the Private Pension System (SPP), according to information from the Superintendency of Banking, Insurance and AFP ( SBS) with a cut-off date of July 31. In this way, the AFP They had to disburse […]
The State would finance the minimum pensions of AFP members
One of the main pieces of the debate moved for the inexorable reform of the pension system. The bill of Executive power —created by the Ministry of Economy and Finance (MEF)— maintains some criteria of the current model such as contribution rates of up to 13% for a worker —and does not involve the employer, […]
Pension system reform: Executive prohibits the withdrawal of 95.5% for new affiliates
Within the pension system reform bill sent by the Executive power to Congress, the withdrawal of 95.5% of the funds, currently applied for early retirement for people between 50 and 55 years old, is put to an end. Nevertheless, The proposal prepared by the Ministry of Economy and Finance (MEF) eliminates the possibility of withdrawing […]
MEF: German airlines evaluate reopening direct routes from Germany to Peru
The Minister of Economy and Finance, Alex Contreraswho together with President Dina Boluarte is in Germany to promote foreign investments in Peru, highlighted the interest of airlines from said country to reopen direct routes to Peruvian territory. “There are German airlines that are once again evaluating reopening direct routes from Germany to Peru. That undoubtedly […]
Executive proposes raising the early retirement age to 55 years
The Executive Branch presented to the Congress of the republic his bill that seeks to create the new Peruvian pension system, which must be analyzed by the Economy and Labor Commissions of Parliament. The government initiative, in addition to raising the minimum pension from S/500 to S/600 in the ONP, also seeks to establish some […]