The constant supports to Petroperú They are a latent risk for fiscal accounts, according to the Organization for Economic Cooperation and Development (OECD).
“Continuous fiscal support to Petroperú remains an important risk unless a credible strategy is implemented to restore its viability, in line with the OECD guidelines on corporate governance of public companies,” said OECD economic studies in its report: Peru 2025.
In that sense, he pointed out that the continuous “financial instability” of the oil company has required repeated and substantial government support, which has significantly increased the fiscal deficit. It should be noted that Peru already has two consecutive years of non -compliance with the fiscal rule and is headed for the third.
In addition, at the first half of the year, the public company registered losses for US $ 278.2 million. However, at that time from the company they blamed this result of the decline in international crude prices, as well as at the closure of ports for anomalous waves.
For the OECD, an output option for Petroperú is its integration in the framework of ownership of Fonafe, the public holding that supervises most of Peruvian public companies, “and is widely aligned with the best practices” of the organization.
In this regard, analyst Jesús Fernando de la Torre, said that the Ministry of Economy and Finance should demand in exchange for support for the company, type B actions, “which can legally be sold to private.
“These that serve as ‘guarantee’ of the sovereign guarantee. If the state oil company does not pay the debt and the payment has to be done by the MEF, those actions are sold to the highest bidder,” he said.
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