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Published 13 days ago

The crisis that is coming to us

Summary by El Comercio

The recession left a significant impact on public finances. Despite the economic rebound, tax revenues to March fell by 10.5% in real terms, leading to a fiscal deficit of 3.3% of GDP, far from the fiscal target of 2%. This has led the Ministry of Economy and Finance (MEF) to raise the fiscal target to 2.5%, at a time when S&P has put us on a downgrade risk for losing investment grade. The rise in copper and gold prices could result in increased…

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The crisis that is coming to us

The recession left a significant impact on public finances. Despite the economic rebound, tax revenues to March fell by 10.5% in real terms, leading to a fiscal deficit of 3.3% of GDP, far from the fiscal target of 2%. This has led the Ministry of Economy and Finance (MEF) to raise the fiscal target to 2.5%, at a time when S&P has put us on a downgrade risk for losing investment grade. The rise in copper and gold prices could result in increased…

13 days ago·Lima, Peru

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