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According to data from the Ministry of Economy’s Transparency portal, in 2022, the three levels of government used 71.9% of their budget earmarked for public investment work.
According to a study carried out Foreign Trade Society of Peru (ComexPeru)but there was still SGD 18 billion left that was not invested.
Of what was executed, an estimated S$16,838m was attributable to the national government; SGD 20,504 million to local governments; and SGD 9,247 million to regional governments.
Only the national government has reached the level of execution of its budget in public investment less than 90%, while local and regional governments register investments of less than 70% of their resources.
The ComexPerú report indicates that local governments only achieved 63% of the use of their resources, while regional governments reached 67%.
“These performance figures meant that local governments stopped investing SGD 16,543 million in government projects. This figure is equivalent to a 60% deficit in infrastructure the country’s sanitation system or the 1.8 million Peruvians with access to water and sanitation,” they point out.
Who invested more and who less?
The six departments that topped 80% of public investment execution were Apurímac (91%); Tacna (88%); Loreto (87%); Junin (84%); Cusco (82%); and Mother of God (81%).
In the case of those who have invested less than 50%, these are Huanuco (32%), Cajamarca (41%); Ancash (45%); and Tumbes (48%).
ComexPerú notes that in addition to rates, regional governments more money left unused: Cajamarca with S$512 million; Ancash with SGD 507 million; and Piura with S$476 million.
Regarding local governments, it is noted that none of them exceeded 80% of the execution of their budgets for work.
municipalities Loreto (76%), Apurimac (73%), Callao (73%), Tacna (73%) and Cusco (72%) performed best.
But the communes that had the highest outstanding amounts were the District Municipality of San Marcos (Ancash) with S$623 million; MD Yarabamba (Arequipa) with S$239 million; and MD Santa (Áncash) with S$230 million.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.