Fiscal Balance in Peru

Peru Fiscal Balance | Economic News & Forecasts

Peru - Fiscal Balance

Growth appears to have remained unremarkable in the second quarter, after cooling domestic demand and a weaker external sector caused growth to more than halve in the first quarter. Economic activity stalled in April, dragged down by a sharp fall in manufacturing, and by continued disruptions at Las Bambas mine, which also affected exports. That said, credit growth remained healthy in April and May, suggesting consumer spending was robust. On the fiscal front, the 12-month rolling budget deficit in May dropped to 1.5% of GDP from April’s 1.7%, as revenue growth was sustained while current spending increased modestly and capital spending contracted. In other news, at the end of June, Moody’s confirmed Peru’s credit rating at A3 with a stable outlook. The rating agency cited the country's favorable medium-term growth outlook, its resilience to shocks in recent years and its solid fiscal position.

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

ValueChangeDate
Bond Yield5.43-0.60 %Oct 15
Exchange Rate3.29-0.06 %Jul 11
Stock Market20,699-0.23 %Jul 11

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