The Ministry of Economy and Finance (MEF) indicated this Thursday that at the end of this year a record number will be reached in the execution of public investment, amounting to S / 36,000 million.
“In our projections, we confirm that we are going to have a total level of public investment in the order of S / 36,000 million. It will once again be the highest level of public investment that has ever been in Peru”Said the head of the sector, Pedro Francke at the 2021 Latin American Cities Conferences: Lima event.
He added that public investment has been boosting and that “has allowed construction to be 20% above the pre-pandemic level and there are already about 200,000 jobs in this sector”, He explained.
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Likewise, the minister mentioned that between January and November 2021 there is an execution of projects that exceeds S / 31,000 million.
GDP growth
The head of the MEF also highlighted that this year there will be an economic growth of 13% and it will be the highest in Latin America. “This is a fairly significant advance of at least three points above what was projected at the beginning of this year“, he pointed.
In addition, Francke highlighted the credibility of our country in international financial markets, due to the fact that Peru’s 10-year global bonds pay a rate of 2.6% on a world scale, while Chile 2.9%, Mexico 3% and Colombia 4.3 %.
“Investors from all over the world have such confidence in Peru “, said the Minister of Economy.
He added that our country can pay these quite low rates, given the fiscal sustainability and the solidity of the fiscal accounts that we have maintained during these months.
