Fiscal Balance in Peru

Peru Fiscal Balance | Economic News & Forecasts

Peru - Fiscal Balance

Growth halved in the second quarter, weighed on by a worsening external backdrop. While household spending also weakened amid downbeat consumer sentiment, fixed investment jumped on the back of upbeat mining investment, which, together with a rebound in government spending, led to stronger domestic demand. Turning to the third quarter, available data points to some recovery in activity. In July, credit growth was strong and consumer confidence ticked up. That said, business sentiment soured in July-August, while, on the fiscal front, the 12-month rolling budget deficit inched up to 1.6% of GDP in July from June’s 1.5% of GDP but still remained well below the 2.1% figure recorded in July 2018. Meanwhile, in late August, the government sent Parliament the 2020 budget, which plans to raise public spending by over 5%, and allocates additional resources for the education, health and agricultural departments.

Peru - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)0.9  -0.2  -1.9  -2.3  -3.0  

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Peru Facts

Bond Yield5.43-0.60 %Oct 15
Exchange Rate3.38-0.06 %Sep 04
Stock Market19,242-0.23 %Sep 04

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