Peru’s public investment execution hits record high posting a 11% increase between October 14, 2015 and October 13, 2016, compared to the same period last year.
The Andean country’s public investment totaled S/31.972 billion (around US$9.34 billion).
“These results reflect regional and local administrations' consolidation, as well as the General Directorate of Public Investment (DGIP) articulated support and follow-up to projects involving all three levels of government in order to tackle bottlenecks in an appropriate and timely manner,” Peru’s Economy and Finance Ministry informed.
National Government
At national government level, accumulated growth over the last 365 days saw a S/454 million (around US$132 million) rise when compared to the same period last year.
Said growth showed a positive trend, reporting an annual execution of S/13.58 billion (around US$3.96 billion).
Regional Governments
Regarding regional governments, the cumulative growth over the past 365 days experienced S/1.23 billion (around US$359 million) increase from the same period in 2015.
Such raise translates into a favorable trend in terms of projects execution. Annual regional execution totaled S/6.11 billion (around US$1.78 billion).
Municipalities
The accumulated growth for the last 365-day period —at local government level— denoted an increase of S/1.35 billion (around US$395 million) compared to the same period a year before.
In this case, annual investment execution amounted to S/12.270 billion (around US$3.58 billion), showing a positive trend as well.
(END) RGP/CNA/JJN/JHM/RMB
Published: 12/6/2016