This continued progress is evidenced by the steady increase in spending during the first four months of the year.
According to data provided by the Ministry of Economy and Finance (MEF), the public investment in it Peru shows a positive outlook. Until April of this year, a total of 3,875 million 927,941 soleswhich reflects an increase in 7.27% compared to the same month of the previous year.
The continuous increase is evident in the upward trend in public spending so far this year. There was an increase of 136.9%in januaryfollowed by an increase in 38.1% in February and of 8.62% in March.
The encouraging data is a sign of the commitment of the Peruvian government with the progress of the country through investments in infrastructure, education, health and other strategic sectors.
In April 2024public investment of National government rose to 1,408 million 725,907 soleswhich represents a decrease in 7.27% compared to the same month of 2023when he reached 1,528 million 265,328 soles.
Meanwhile, public spending on regional governments reached the 1,034 million 875,902 soles in Aprilshowing an increase in 52.94% compared to the same month of 2023When i arrive to 676 million 639,296 soles.
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Public spending on local governments rose to 1,432 million 326,131 solesshowing an increase in 1.71% compared to the same month of 2023when he reached 1,408 million 209,088 soles.
During the year 2023public investment reached an execution of 50,217 million soles, reflecting an increase in 8.8% compared to the previous year.
Furthermore, in 2022public investment amounted to 46,592 million soleswhich meant an increase in 20% compared to the previous year, when it reached 39,102 million 622,434 soles. During the year 2020marked by the pandemic, the execution of public investment was 28,330 million 668,470 soles.
The increase in public investment has a positive impact on several aspects of the economy and society of Peru. The funds allocated to infrastructure, education and health They have a multiplier effect on the economy by boosting the growth of the Gross Domestic Product (GDP) and job creation.
Investment in areas such as education and health has a direct impact on the well-being of the population by reducing poverty and inequality rates. Furthermore, investment in modern and efficient infrastructure improves the country’s international competitiveness.
