LIMA —) The Peruvian government on Friday presented its 2023 budget plan to Congress, proposing a 9% increase in this year’s initial budget to 215 billion soles ($55. 93 billion).
According to the proposal, on the congressional website, the government expects an economic expansion of 3. 5% next year, as announced on Thursday through the Minister of Economy and Finance, Kurt Burneo.
Burneo said he planned measures to stimulate personal spending, increase public investment and restore investor confidence in the country.
The fiscal plan also foresees a 3. 5% accumulation in cumulative customer costs by 2023, well below the 4. 9% inflation forecast by the Ministry of Economy the previous day.
Peru, the world’s second-largest copper producer, sees mining as its main source of financing and the government expects copper costs to fall in 2023. The industry suffers from protests from local communities, which prevents or slows down production.
Friday’s budget also forecasts an average exchange rate for next year of 3. 94 soles to the U. S. dollar. As the country faces political uncertainty, with President Pedro Castillo plagued by a wave of corruption allegations, the floor fell to an all-time low last October. gradually recovered and closed Friday up 0. 23% at 3. 8380/3. 841 soles per dollar.
Along with the budget proposal, the government sent a public debt strategy for next year, with plans to factor national bonds for up to 20,670 million soles.
The government also plans to conduct debt control operations of up to $6 billion in advance bond payments, debt conversions or swaps, repurchases, and issuance of internal or external securities.
($1 = 3. 8198 soles)
By Angeliki Koutantou and Renee Maltezou ATHENS (Reuters) – Greek Prime Minister Kyriakos Mitsotakis said on Saturday that the minimum wage would return next year and that Greek pensions would be. . .
ATHENS (Reuters) – Greek Prime Minister Kyriakos Mitsotakis said on Saturday that the minimum wage would return next year and that pensions would rise for the first time since. . .
By Francesco Canepa PRAGUE (Reuters) – Policymakers at the European Central Bank see it developing that they will have to raise their key interest rate to 2% or more to curb the record. . .
We encourage you to use comments to interact with other users, share your opinions, and ask questions of authors and others. However, to get to the main point of the discussion that we all appreciate and hope for, the following criteria remain in the brain:
Are you sure to block %USER_NAME%?
%USER_NAME% has been effectively added to your blacklist
Since you unlocked this person, you must wait 48 hours before renewing the lock.