How does it affect us that the deficit exceeds the fiscal rule?

He deficit It was 3.6% of Gross Domestic Product (GDP) in 2024, according to Comexperú figures, which, for the second consecutive year of Peru did not comply with the fiscal rule that established 2.8% of GDP for that period.

Minister of Economy met with guilds and reported decision about the state, sources from this newspaper reported.

For the president of the Chamber of Commerce of Lima (CCL), Roberto de la Tore, one of the main challenges for the new Minister of Economy and Finance, José SalardiIt is to order the fiscal accounts.

“Missing less than a year and a half for the current government to conclude its management, it is not correct to leave ‘time bombs’ as the problems were called the president transferred to his successor,” he said.

In the same way, he pointed out that the increase in Fiscal deficitin approximately S/11,000 million compared to 2023, it is mainly explained by the non -financial spending of the central government, as the Fiscal Council had warned.

“While the current income of the general government was also greater than those of 2023 in S/9,000 million, the increase in spending was much higher, so Salardi’s task is to control current expenditure. In 2024, spending on remuneration It was S/5,400 million (growth of 6.2 %), “he added.

What is the impact of breach?

The Professor of the University of the Pacific, Carlos CasasHe explained that the fiscal deficit is the difference between what the State spends and the income you have. “That is to say that if we have a deficit it is because we are spending more than it enters,” he added.

“If we spend more than you enter, we have to borrow. When someone is more indebted, it becomes less subject to credit, and that happens to us too,” he said.

This was highlighted by Nelson Muñoz, leader of the monitoring team of the Oxi de Proinversion mechanism, during an interview with the Mining Dialogues program of the Institute of Mining Engineers of Peru (IIMP).

He also recalled that if the debt increases, it is likely that the country will rise to interest rates, which would affect the State, but also companies and even financial entities.

“With this situation we also affected credibility, and one of the strengths of Peru is its monetary and fiscal credibility,” he said and indicated that it is not a good signal to modify the limits, as already done in the past.

To control this situation, he said that expense is controlled and there is a better efficiency of spending. In addition, he pointed out that Congress should no longer approve populist measures that generate more waste of resources.

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