Fiscal Balance in Peru

Peru Fiscal Balance | Economic News & Forecasts

Peru - Fiscal Balance

The economy likely tapped the brakes in the first quarter of the year, following Q4 2018’s rebound in growth. Activity was subdued in the first two months of the year, weighed down by falling exports and manufacturing production, as well as by rising unemployment. However, healthy credit expansion and a surge in mining investment throughout the quarter should have cushioned the slowdown somewhat. On the fiscal front, the 12-month rolling budget deficit in March dropped to 1.9% from February’s 2.0%. The favorable fiscal developments led the Ministry of Finance to trim the 2019 fiscal deficit target to 2.2% of GDP from the previous target of 2.7%. Meanwhile, in early May, the government signed a Memorandum of Understanding (MoU) with China on the Belt and Road Initiative. The MoU is expected to bring increased infrastructure investment and should also lead to an expansion in the existing bilateral free trade agreement.

Peru - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)0.9  -0.3  -2.1  -2.6  -3.2  

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Peru Facts

Bond Yield5.43-0.60 %Oct 15
Exchange Rate3.33-0.06 %May 13
Stock Market19,958-0.23 %May 13

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