The Minister of Economy and Finance, Pedro Francke, today led the meeting of the Executive Board for the Development of the Aquaculture Sector, where he announced the recovery of tax incentives to promote the development of aquaculture in the country, as a new engine of development and decentralized employment generator. Representatives of the National Aquaculture […]
Tag: mef
Tax powers will expire at the end of March
The Executive will have 90 days to legislate on economic and tax management, as well as in the fight against tax evasion and avoidance. This after the delegation of powers requested by the Executive Power became official yesterday. Thus, The Government may issue legislative decrees in the measures approved by Parliament until March 27, 2022. […]
They formalize law that delegates powers to the Executive to legislate on tax, fiscal, financial and reactivation matters
Two months after the request of the Executive Power to legislate on tax, fiscal, financial and economic reactivation matters, the Congress of the republic made the Government’s request official through Law 31380, published this Monday, December 27, in the newspaper El Peruano. The norm indicates that its purpose is to strengthen the Government’s actions in […]
Aquaculture and forestry companies would have tax benefits
After the plenary session of Congress grants limited powers to the Executive to legislate on tax matters, the Ministry of Economy and Finance (MEF) has been preparing several legislative decrees that must be published before the end of the year so that they can be in force throughout 2022. One of the measures that the […]
Between the balance sheet and the economic projections, by José De Echave
It was known that 2021 was going to be a particular year for the Peruvian economy for several reasons. In the first place because of what 2020 meant, with an 11% drop in GDP in the midst of the pandemic and secondly because it was an electoral year and a change of government. At the […]
What it left and what it holds for the economy by 2022
After contracting by 11.1% during 2020, for this year the economy is expected to have growth –consensual between Central Reserve Bank of Peru (BCRP) and the Ministry of Economy and Finance (MEF)– slightly higher than 13%. And by 2022 the GDP is expected to oscillate between 3.2% and 4.8%, a higher average not seen since […]
Private investment would exceed the pre-pandemic levels by 12.2% this year
The private investment This year it would have a growth of 34.5% compared to 2020, indicated the head of the Ministry of Economy and Finance (MEF), Pedro Francke. Although this figure compares with the fall of 16.5% that private investment had in 2020; The official clarified that, if compared to 2019, before the arrival of […]
PCM approves agreements with IDB and WB to serve bio-businesses in the Amazon and electrification
In order to establish a better electrification scheme and promote the growth of bio-businesses in the Peruvian Amazon, the Presidency of the Council of Ministers (PCM), through the Ministry of Economy and Finance (MEF), approved two loans for a total of US $ 90 million from the Inter-American Development Bank (IDB) and the World Bank […]
Pedro Francke: they will not close economic activities due to the presence of the omicron variant
The Minister of Economy, Pedro Francke, He reported that they will not close economic activities due to the presence of the omicron variant in the country. Despite the uncertainty about the effects of the new variant on the population. “We are in a very uncertain scenario so we must be careful, but what we are […]
Pedro Francke: Quellaveco Mine will start its production from the second quarter of 2022
The Minister of Economy, Pedro Francke, reported that the Quellaveco mine in Moquegua will begin its production from the second quarter of 2022, which will have an important effect on mining production in the country since it will have an investment of US $ 5.5 billion. “The Quellaveco mine, which involves an investment of US […]