Establishing a constituent assembly to modify the current magna carta, which is on its way to 30 years of validity, motivated the population, especially in the south of the country, to take to the streets as a sign of discontent. About, Waldo Mendozaformer head of the Ministry of Economy and Finance (MEF), confirmed the benefits […]
Tag: Ministry of Economy
GDP fell 0.87% in the first two months of this year
The economy is still in the negative section. After the 1.2% drop seen in January —after almost two uninterrupted years in the green—, in February, production fell 0.63%, according to the National Institute of Statistics and Informatics (INEI). Thus, during the first two months of this year, the GDP contracted 0.87%. contracted sectors The low […]
3.1 million affiliates who went from the ONP to the AFPs will receive a recognition bonus
More than 3.1 million members of the National Pension System (SNP) that decided to switch from 2002 to 2021 to the Private Pension System (SPP) -made up of the AFPs- will receive the recognition bonus, that is, they will be recognized for the contributions they made during their stay in the ONP. This, after the […]
Executive will have more than S / 8,232 million additional for economic reactivation
Finally, the Plenary of the Congress of the Republic approved the Bill 4482presented by the Executive Branch, which proposes to approve supplementary credits for more than S/8,232 million to finance higher expenses within the framework of economic reactivation. In the early hours of this Friday, April 14, the initiative presented by the Ministry of Economy […]
ONP recognition bond will be updated after two decades
With 86 votes in favor, 7 against and 14 abstentions, the Congress of the Republic approved the insistence of the law that updates –after more than 20 years– the recognition bonus for contributors and former contributors of the Pension Standardization Office ( ONP) that passed to an AFP since 2002. Previously, the cutoff for these […]
AFP Withdrawal 2023: what does the SBS think about a new disbursement of funds?
There are six bills that seek to authorize a seventh release of individual funds from the Pension Fund Administrators (AFP). Are proposalswhich are awaiting an opinion in the Economy Commissionhave caused diverse opinions and positions on various fronts such as the Ministry of Economy and Finance (MEF), the Central Reserve Bank of Peru (BCRP), the […]
MEF seeks for the minimum pension to be homogeneous in the public and private system
Although only at the end of May the Multisectoral Commission of the Executive Power will submit its proposal to reform the pension system to the Council of Ministers, to later be sent to the Congress of the Republic, the Ministry of Economy and Finance (MEF) —which chairs said working group— advanced which are the pillars […]
MEF announces transfer of additional S/500 million to address the emergency in Piura
The Minister of Economy and Finance, Alex Contrerasannounced the transfer of an additional S/500 million to address the emergency caused by landslides in the Piura region, in addition to technical assistance mechanisms so that the new subnational governments can expedite remediation works. In dialogue with RPP Noticias, the minister said that the MEF has been […]
Dollar would close 2023 at S/3.82, forecast economic agents
Most of the expectations of economic actors regarding the exchange rate in our country fell in March, according to the latest Survey of Macroeconomic Expectations, prepared by the Central Reserve Bank (BCRP). Thus, the exchange rate expectations for the end of 2023 are between S/3.82 and S/3.85 per dollar and an expected range between S/3.83 […]
Collection fell 14.7% in March due to no progress in GDP
During March of this year, S/15,239 million were collected in net tax revenues -discounting tax refunds-, Sunat recently reported. In year-on-year terms, there is a fall of 14.7% compared to the same period last year. Why were fewer resources captured? According to the collecting entity, the GDP for February would have stagnated after falling 1.12% […]