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Chairman of the Council of Ministers approved a bill for an additional S$8.2 billion loan, money to be used to revive the economy and deal with natural disasters.
“Of these 8 billion 200 million, part will go directly to the approval of a number of measures under the program With punch Peru. The other component will go to Contingency reserve continue to implement measures that will help reactivation, and another batch will also go into contingency reserve to respond to the current context of the rains,” said Economy Minister Alex Contreras.
Contingency reserve
The minister explained that creditthey will add additional resources to the budget for the contingency reserve, for which 2 billion will be received, in addition to the additional 4 billion for dealing with possible natural disasters.
“These additional resources are added to the more than 3,400 million soles that have been injected into the economy as a result of the Con Punche Peru plan,” he said.
Calls on Congress to pass the bill
“This Supplemental Credit Bill, which we hope can be considered by the Congress of the Republic as a matter of urgency, will continue to strengthen the 3 central axes and continue to support families,” he explained.
He stated that the additional loan bill includes more than 1,000 investment projects worth more than 1,000 million soles, which will be key to the recovery of the regions’ economies.
“We are talking about projects that are added to the portfolio of projects that are already in progress, with the central characteristic that they will be implemented quickly. This will be key if economic performance continues to recover again,” he said.
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.