This Saturday, August 6, it was announced holiday to commemorate the battle of Junin, Peru has already celebrated 14 holidays on this date, which, according to economist Jorge González Izquierdo, will affect the country’s economy.
“The Peruvian economy has had a weak and under-growth process from January until today, and more needs to be done, not less,” the economist explained of production to be lost due to yet another holiday added to the calendar.
Domestic tourism expected to rise during holidays, and improve the sales of restaurants, travel tours and related sectors. This is what led to the establishment of a new holiday.
However, for González Izquierdo, a sector with lower production than other items will be activated. “The government’s argument is that domestic tourism will be encouraged, which is true, but the tourism sector, which has a small weight, is encouraged, but this leads to sectors that weigh much more to close, it makes no sense.”
Although, as of May this year, a report from the National Institute of Statistics and Informatics indicated that national production increased by 2.28% as a result of growth in the sectors: accommodation and restaurants, agriculture, transport and storage, trade, manufacturing. , telecommunications and other services, other industries such as fishing or mining should recover, as in the aforementioned report they had a drop of 16.6% and 6% respectively.
“Many years ago in Peru, National holidays were 28, 29 and 30, then reduced to 28 and 29 because it was too much and this government is going back to what was prevailing. Here you have to prioritize the economy, and the economy is not okay,” he said.
Holidays in other countries
Colombia has 18 holidays and Japan has 16; Nonetheless, Peru surpasses them in the number of non-working days.usually given to the public sector, who can restore it in agreement with the institution in which they work.
These countries provide so many vacations because their employees’ vacation lasts only 20 days, while in Peru it’s a month. In the case of Japan, this period is reduced to only 10 days a year.
Peru is the country with the most non-working days in the world, and just one holiday can cut annual GDP by about $626 million, equivalent to 0.27% of 2019 GDP.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.