The central manager of Economic Studies of the Central Reserve Bank (BCR), Adrián Armas, explained the impact that the negative cash flow of Petroperu in the fiscal accounts during recent years.
During a press conference, the official explained how this situation has affected the fiscal deficit.
It should be noted that, in 2023 and 2024, Peru did not comply with the fiscal rules and by 2025 analysts also estimated that the country would follow the same line.
In that sense, Adrián Armas explained that, in 2025, the way in which the State helped the oil company was through the disbursement of S/3,000 million from the Public Treasury to honor the guarantees, due to the lack of payment to suppliers.
“The previous year (2024) there was a capitalization to Petroperú as a result of the negative cash flow. That year the amount was around S/6,000 million. That has had a negative impact on the fiscal accounts,” said the BCR representative.
Likewise, he pointed out that the role of the public company is not the main factor in setting long-term fuel prices, since international costs and the exchange rate are taken into account.
For all this, Adrián Armas indicated that it is important that a solution be found to the Petroperú problem, but he pointed out that this is a task that corresponds to the Government through the necessary studies to achieve this goal.
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