Investment increased 44% in November

This progress is reported on an annual basis according to the BCR.

General government investment increased by 44% year-on-year in November this year, as a result of greater implementation of the project in the three levels of government, particularly sub-national governments, according to the Central Reserve Bank (BCR).

He explained that only national government investment increased by 7.3% on an annual basis in November, and according to groups of projects and activities, this increase was explained by reconstruction by 73.2%, and the rest of the projects and activities by 4.9%.

In the first case, within the framework of the agreement between the Government and the United Kingdom, payments for river defense projects, hospitals and educational infrastructure in La Libertad and Piura, and to a lesser extent in Tumbes and Lima, emerged. .

In the second, it was based on those that record the normal implementation, since its inception or restart, highlighting transportation infrastructure and educational infrastructure projects.

regional governments

According to the BCR, regional governments’ spending on gross capital formation in November expanded by 59% compared to the same month in 2021.

Meanwhile, investment by local governments grew by 73.2% year-on-year in the aforementioned month.

On the other hand, the Monetary Authority specified that in the period from January to November 2022, general government investment increased by 19%, as a result of an increase in the level of spending by local and regional governments by 29.8% and 28.3%, respectively.

In this period, a significant increase in the implementation of the “rest” of projects and activities, in the reconstruction and revitalization measures, has been observed. This weekend, the Ministry of Economy and Finance authorized the transfer of 227 million 902,070 soles in favor of the Presidency of the Council of Ministers, executing the Reconstruction Authority with changes, to finance 89 reconstruction interventions (works) through investments.

For this, I have published Supreme Decree 301-2022 of the Ministry of Economy and Finance. The operation was approved in the public sector budget for this fiscal year.

Big projects

The Ministry of Economy and Finance is coordinating with other sectors to open large infrastructure projects, to boost the national economy.

He said there are projects ready to move forward, such as the Majes-Siguas II irrigation project in Arequipa, and the Chavimochic III project in the La Libertad region, that may get a boost in the package of economic measures they are preparing. .

The head of this sector, Alex Contreras, said recently: “We are coordinating with the relevant ministries, so that within this package there are also procedures to unleash large projects, which are the ones that determine the course of the economy.”

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