In February of this year, the execution of public investment reached a record of S/ 2,147 million, as reported by the Ministry of Economy and Finance (MEF).
It specified that this result is consistent with the strategy of economic recovery promoted by the Government, in which public investment is one of the main growth engines.
It explained that the amount accumulated in the first two months, in the three government levels (national, regional and local levels) was S/ 3,159 million, which was the highest amount registered in the last 11 years.
This registered figure shows that the continued expenditure growth continues despite the covid-19 pandemic.
The cumulative execution as at February 2021 showed an increase of 7% of the total of the Multi-Year Investment Program (PMI, for its acronym in Spanish) in this year, a percentage higher than that achieved in the same period in 2020 (6.2%) and in previous years (2016 - 2019), in which the highest execution reached 5%.
“Despite the pandemic, public entities as a whole are committed to investment execution,” it added.
This execution performance was achieved, to a large extent, due to the fact that the MEF promoted greater guidance, training, technical assistance and intensive monitoring of the expenditure increase in the entities.
It specified that these actions were implemented in order that “investment is not interrupted in unforeseen situations, such as the extension of the state of emergency, quarantine in some regions of the country and its effects on constructive and related activities.”
It stated that monitoring tools and applications, such as the register of monitoring and execution formats (No. 12-B and No. 8), were used as part of the 2022-2024 PMI.
When comparing the execution of February 2021 with the same period in 2020, a cumulative increase of 18.7% is showed. In case of national and local governments, they showed an increase of 38.8% and 9.8%, respectively; meanwhile, the regional ones showed a decrease of 1.1%.