The continuity of Raul Perez Reyes at the head of the Ministry of Economy and Finance (MEF) seriously compromises the constitutional stability, fiscal coherence and institutional credibility of the country, said Perucámaras.
The union that brings together the regional chambers of commerce, through a statement, maintained that Pérez Reyes’ management has shown tolerance towards the erosion of the legal order, indifference towards structural informality and a worrying political subordination of the economic apparatus.
“At Peru Cámaras we warn that sustaining this management model represents a risk for business confidence, macroeconomic order and democratic governance. The country needs technical and autonomous leadership, capable of offering certainty and results at a time of high institutional fragility,” they indicated.
Reasons
Why should Raúl Pérez Reyes not continue as Minister of Economy and Finance? the union asked itself, to which it responded with points:
1. Fragilization of economic constitutionality
● Norms with constitutional questions. It has supported initiatives that affect the fiscal balance, such as withdrawals of pension funds, weakening long-term savings and financial sustainability.
● Loss of autonomy of the MEF. It allowed Congress to impose spending measures without technical support, violating the principle of exclusive initiative of the Executive.
● Ambiguity in the face of the Petroperú crisis. He did not take a firm stance regarding the deterioration of the state company, affecting confidence in the management of strategic assets.
2. Budget 2025: a wasted opportunity
● Without transformative vision. The budget prioritizes current spending over strategic investment. In critical sectors such as the Interior, the payment of payroll is privileged over modernization to confront insecurity.
● Intersectoral disarticulation. There is no clear strategy that links budget allocation with objectives of economic reactivation, poverty reduction or institutional strengthening.
3. Worrying precedents in Transport and Communications
● Management with unsatisfactory results. His time at the MTC left unfinished projects, cost overruns and unjustified delays, such as at the Chinchero airport and the Santa Rosa bridge.
● Budget without impact. Although it supported a budget of more than S/13.5 billion, most of it is allocated to maintenance, without new works of national scope.
● Lack of clarity regarding tolls. He did not take a position regarding citizen questions about road concessions.
4. Weak technical leadership and political autonomy
● Reactive management. It has responded to the situation without a structural roadmap to guide economic recovery.
● Permissiveness against external pressures. It showed weakness in the face of parliamentary interests and pressure groups, weakening the technical autonomy of the MEF and its role as the governing body of fiscal policy.
5. Inaction against illegal mining
● Persistent tax evasion. Illegal mining, which represents up to a third of copper and gold exports, continues to operate without taxation, generating tax losses exceeding S/9,000 million between 2023 and 2025.
● Regional impact. This evasion directly affects subnational governments, which stop receiving approximately S/460 million.
● Absence of inclusive fiscal strategy. No reform has been implemented to formalize the sector, perpetuating informality and weakening economic institutions.
Technical solvency
At another time, Perucámaras indicated that Peru needs a Minister of Economy with technical solvency, political independence and structural vision.
“The management of Raúl Pérez Reyes has shown ambiguity in the face of critical decisions, a lack of transformative leadership and a permissiveness that compromises the credibility of the State,” he stated.
“Its continuity is neither sustainable nor responsible. It represents a real risk for the economic architecture, institutional stability and democratic trust of the country,” they concluded.
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