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Peru: Public investment up 13.4% in 1Q 2018


09:12 | Lima, Apr. 4.

Peru's public investment amounted to S/4.305 billion (about US$1.333 billion) in the first quarter of 2018, thus recording a nominal growth of 13.4% and showing an upward trend, Economy and Finance Ministry's (MEF) figures showed.

According to MEF, public investment fell 11.3% to S/1.889 billion (about US$585 million) in March 2018, compared to S/2.13 billion (about US$660 million) in the same month last year. 

Thus, the country's public investment experienced a stumble in March but grew substantially in January and February. Nonetheless, the cumulative figure is relevant.

In this sense, Prime Minister Cesar Villanueva announced the Government will speed up budget allocations across the country to generate employment and economic dynamism.

It must be noted public investment saw an 8.7% upturn in 2017 after two years of decline.

MEF expects public investment will expand 17.5% in real terms this year, 4% in 2019, 4% in 2020, and 3.5% in 2021, according to the Multiannual Macroeconomic Framework (MMM).

(END) JJN/JJN/RMB/MVB

Published: 4/4/2018
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