As at 23 February 2017, Peru’s public investment amounted to S/1.37 billion (about US$421 million), Economy and Finance Ministry (MEF) reported on Saturday.
Such investment was executed by the three levels of government: national, regional and local.
This figure is up from S/486 million (about US$149 million) as at January 31, and from S/1.04 billion (about US$322 million) as at February 16.
Local governments headed the chart with S/652 million (about US$200 million), followed by the national government with S/475 million (US$146 million) and regional governments with S/243 million (US$74.7 million).
At national-government level, the Transport and Communications Ministry led the ranking having executed projects worth S/320 million (about US$98.4 million), followed by the Education Ministry with S/72 million (about US$22 million).
Concerning regional governments, Arequipa executed public investment projects valued at S/42 million (about US$12.9 million).
On the other hand, Lima Regional Government ranked first in terms of progress made, with 31%.
As per local governments, Cajamarca took the lead with the largest share of the budget (S/65 million, about US$20 million) spent.
With regard to the progress in project implementation, Tacna local governments saw the largest advance (13%).
(END) JJN/JJN/RMB
Published: 2/25/2017