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Finance Minister To Present Austerity Pledge, Aim for 2% Fiscal Deficit

PERU
  • Newly appointed Economy and Finance Minister Jose Arista indicated that he plans to present an austerity regulation for the public sector in the coming months, so that spending can be carried out reasonably and rationally.
    • The Cabinet member said that, according to the rule, Peru should register a 2% fiscal deficit this year.
    • "We project, and in fact, that will be our effort: to reach 2%. Currently, it is said that the fiscal deficit might be 2.8%, in some cases 2.6%, and there are some estimates of 2.9%," Arista explained.
    • The minister pointed out that given Parliament initiatives regarding increasing public spending, one of the means could be the vetoing of related bills (to be exercised) by President Boluarte. (Andina)

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