He Executive powerthrough the Supreme Decree No. 196-2023-EF, published this September 10 in A Peruvian manauthorized, via supplementary credit, the transfer of S/58 million 192,545 for the recovery and strengthening of tourism promotion and development actions in Peru. The item is destined for the Commission for the Promotion of Peru for Exports and Tourism (Promperú), […]
Tag: mef
Footwear industry has only recovered 50%
One of the most lagging sectors after the pandemic and the onslaught of Cyclone Yaku is the footwear and leather industry, which has only been reactivated by less than 50%. At the national level, companies are working at 20% or 30% of their productive capacity, warned Vladimir de la Roca, president of the Chamber of […]
Tax revenues would fall 6.3% in 2023, predicts the MEF
The Government’s tax revenue at the end of 2023 would amount to S/206,492 million, which would imply a contraction of 6.3% in real terms compared to the previous year, according to the projections of the Ministry of Economy and Finance (MEF) in its Macroeconomic Framework Multiannual 2024-2027. This drop will occur despite the fact that […]
Pedro Chira: “There is a whole machinery to attack Petroperú in decisive moments”
Petroperú has preliminarily requested new contributions for S/5,573 million and the capitalization of its debt for US$750 million. Pedro Chira, president of the board of directors of the state company, clarifies that they seek to be honest with their accounts with the Government at the beginning of a new stage with their return to Talara, […]
MEF: “There is no room to capitalize Petroperú if we wanted to”
Recently, the Petroperú board agreed to request, through the Ministry of Energy and Mines (Minem), financial support in the event of a possible fuel shortage in the country due to factors such as El Niño. This order does not respond to the need to pay the start-up of the New Talara Refinerywhich is assumed with […]
Peruvian sol: why is it the most stable currency in Latin America?
In recent years, the Peruvian sol has proven to be the most stable currency compared to others in Latin America. While devaluations and fluctuations are recorded in the rest of the countries in the region, the sol maintains an appreciation against the dollar and a strengthening trend. What are the reasons for your good moment […]
MEF on eventual withdrawal of AFP: “It would affect the country’s fiscal management”
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 […]
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 […]