LIMA,PERÚ - ABRIL 04. Presidente Ollanta Humala presencia suscripción de acuerdo entre el Ministro Alonso Segura y el Vicepresidente para América Latina del Banco Mundial Jorge Familiar.
Foto: ANDINA/Juan Carlos Guzmán Negrini
Economy and Finance Minister Alonso Segura affirmed the Executive Branch aims to secure the financing of 876 public investment projects, of which 90% are being implemented all over the country, mainly under the management of regional and local governments.
“The total amount of budgetary resources intended to be reallocated includes S/3.22 billion (about US$963 million) —through a bill— and more than S/900 million (about US$269 million), that will be allocated through a supreme decree issued on Thursday,” he explained.
Segura informed of the plan to ensure tax incentives as required by the economy, since it was designed within the Multiannual Macroeconomic Framework and Public Budget, and this needs to be done quickly.
“If we did not do it, instead of posting a potential growth of 10% in the implementation of public investment, we would only see a 3% rise, at best,” he was quoted as saying in a press conference at Lima-based Government Palace.
A bill needs to be passed by the Parliament to reallocate the said amount (S/3.22 billion or US$963 million) to regional and local governments.
“Most of these resources will be implemented by regional and local governments, as this is a fully decentralized project,” he emphasized.
Resources are focused on public investment because of its multiplier effect on the economy, since every sol invested in it has an impact of 1.4 times on the gross domestic product (GDP).
(END) CNA/JJN/RMB/MVB
Published: 5/27/2016