Two consecutive quarters in red confirm the technical recession of the peruvian economy. The GDP in June fell 0.56%, thus the result for the first half of the year was -0.45%, according to the latest report from the National Institute of Statistics and Informatics (INEI). From January to June, the sectors that had negative performance […]
Tag: Public investment
MTC manages the restart of 47 paralyzed works nationwide
The Ministry of Transport and Communications (MTC) clarified that less than 3% of the 1,826 paralyzed public works nationwide, according to a report from the Comptroller General of the Republic of June 2023, correspond to the national specifications. The recently published document of the maximum comptroller body assigns to the MTC 51 paralyzed works and […]
Private investment confirms fall for the third consecutive quarter
The Central Reserve Bank of Peru (BCRP) detailed that during the first quarter of 2023 private investment fell 12%, thus accumulating three consecutive negative quarters (-0.5%, -4.1% and -0.4%, respectively). The result is explained by the contraction in real terms of mining investment (-23.2%) and that of other sectors (-11%), according to its recent Study […]
MEF: execution of public investment grew 16% in April
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, pointed out that S/10,659 million in public investment were executed from January to April, reaching a new historical record, 16% more than the previous year. It also implies an execution of 17.5% of the execution of the total budget for 2023, which amounts […]
MEF: public investment execution broke record in first quarter
The Minister of Economy and Finance, Alex Contreraspointed out that S / 7,018 million in public investment were executed, 15.8% more than the average seen in the last five years and “well above” the level prior to the coronavirus. “It is the first time that, with new authorities in the national, regional and local government, […]
MEF: Public investment reached S/3,141 million as of February of this year
The National Government registered S/1,860 million so far this year, which involves 59.2% of the entire amount executed. Between January and February 2023, the execution of public investment reached S/3,141 million, one of the highest levels recorded in the first month of the year. Likewise, this amount represents 5.6% of the annual modified institutional budget […]
MEF: execution of public investment reached S/903 million, a growth of 9.9%
The National Government recorded the greatest advance. While the public investment of regional and local governments registered a fall of 38.5% and 57.5%, respectively. During January of this year, the execution of the public investment it reached S/903 million, which represents a growth of 9.9% compared to the same month of 2022, in which S/822 […]
Public investment loses pace, but factors do not coincide
The Chairman of the Board of Directors of the Central Reserve Bank of Peru (BCRP), Julio Velarde, recently pointed out that public investment has been contracting for the last five months as a result of poor public management. “Public investment, which has been growing since October 2020, has been falling in the last five months. […]
MEF expects to execute S/ 8,281 million in public investment in Regional Governments during 2022
For this year the Ministry of Economy and Finance (MEF) expects to execute S/ 8,281 million in public investment in the Regional Governments, a record amount that would exceed what was observed last year by 18%. For the first quarter of this year, a total execution of S/ 1,092 million is expected, the MEF specified. […]
Better capacity management brought public investment record
The public investment during 2021 it reached S / 39,103 million. This is how a historical record, since it was exceeded by 21% in 2018 (S / 32,275 million), the pre-pandemic year with the highest execution. The Ministry of Economy and Finance (MEF) highlighted that more than 889 local governments and 11 regional governments transferred […]